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AEHI Expects Idaho Nuclear Site Approval Soon and Seeks New States to Build More Plants to Address "Global Warming"

^{Published on 2009-10-30 06:30:29 - Market Wire}
 

BOISE, ID--(Marketwire - October 30, 2009) - Alternate Energy Holdings, Inc. (PINKSHEETS: [ AEHI ]): AEHI projects at least one of their Idaho nuclear sites will receive local approval early in the first quarter of 2010. The approval will trigger investments predominantly from international sources for the plant site.

In addition to the Colorado site, the company is seeking other states that have indicated interest in an advanced reactor including Arizona, New Mexico, Oklahoma, Nevada and Utah.

Don Gillispie, AEHI CEO and a 45 year nuclear industry veteran, said, "The EPA recently projected 180 new nuclear reactors would be needed to significantly reduce US emissions and meet energy needs by 2050. However, they did not consider that most of the nation's 104 nuclear reactors would be past their useful life. Therefore, almost 300 new reactors would actually be needed while only 30 or so are planned. If the large regulated utilities are not going to help with this challenge by replacing their coal plants with clean nuclear, we certainly are willing and actively seeking new sites and investors to help address this critical problem. If we build electric cars to reduce emissions, but our utilities continue to build carbon power plants like coal and natural gas we have gained nothing environmentally."

About Alternate Energy Holdings, Inc. ([ www.alternateenergyholdings.com ])

Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses ([ www.energyneutralinc.com ]), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. Also, AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.

"Safe Harbor" Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.