SOURCE: Alternate Energy Holdings, Inc.

October 30, 2007 09:15 ET

AEHI Offers to Help Developing Countries Build Nuclear Plants for Electricity and Fresh Water

BOISE, ID--(Marketwire - October 30, 2007) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI) announced an offer by the company to assist developing countries in constructing commercial nuclear power plants for electricity and fresh water. Nuclear plants provide cost-efficient, reliable power and, when placed on an ocean, can produce large quantities of fresh water for countries in need. Preliminary discussions with AEHI are underway in Latin American and Middle Eastern countries seeking the advantages of this technology. Chairman and CEO Don Gillispie states, "We see this as an opportunity to assist small countries, many without the skills or financing to otherwise utilize nuclear power, in their development while keeping the environment clean."

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

Alternate Energy Holdings actively acquires private green energy companies, as well as develops and markets innovative clean energy sources. Current projects include nuclear construction, bio-fuel generation, and a safe and effective system for removing carbon dioxide from coal and natural gas plants emissions.

About Idaho Energy Complex Corporation (www.idahoenergycomplex.com)

The Idaho Energy Complex, a holding of AEHI, is a proposed $4.5 billion commercial nuclear power plant/bio-fuel generation facility to be constructed on a designated site near Grand View, Idaho. The electricity provided by the nuclear plant would be sufficient to power Idaho's growing needs and allow the elimination of fossil fuels for current power production. Additionally, excess heat from the nuclear reactor would be used to produce ethanol and methane from local crops and agricultural waste.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation that the objective and plans of AEHI will be achieved.

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