Crested (CBAG) 10-K 2005 FY Annual report

Articles of Amendment to the

Articles of Incorporation of

Crested Corp.

The name of the corporation is Crested Corp. The text of the amendment adopted is as follows:

Article IV is amended to provide that the corporation shall have the authority to issue 100,000,000 shares of common stock, with a par value of $.001 per share, and 100,000 shares of preferred stock, with a par value of $.001 per share. No other provision of Article IV is amended.

A new Article XIII is added: “Article XIII. The directors may only be removed by vote of the shareholders for cause.”