SOURCE: Alternate Energy Holdings, Inc.

January 11, 2008 09:15 ET

AEHI Suspends Stock Buyback Plan

EAGLE, ID--(Marketwire - January 11, 2008) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI) announced its Board's decision to suspend the stock repurchase plan originally announced October 11, 2007. Due to increasing investor interest in alternate energy companies and the equity requirements of AEHI's large Idaho nuclear/bio-fuel complex, the company has elected to discontinue indefinitely the previously announced buyback plan. CEO Don Gillispie states, "While our shares are currently undervalued, we believe this suspension is in the best interests of the company and its shareholders. It allows for the allocation of resources that encourage maximum growth of our holdings."

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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