SOURCE: Alternate Energy Holdings, Inc.

August 21, 2007 09:31 ET

AEHI Leads Nuclear Regulatory Commission's New Reactor List as First Green Field Commercial Nuclear Plant in Over 25 Years

LYNCHBURG, VA--(Marketwire - August 21, 2007) - Alternate Energy Holdings, Inc (PINKSHEETS: AEHI) announced that it is tied for the lead on the Nuclear Regulatory Commission's (NRC) list of green field commercial nuclear plants seeking construction and operating application approval. AEHI has selected Unistar Nuclear to assist with completing the NRC approval process for construction of the first Areva advanced nuclear power plant in North America. Public support continues to grow in Idaho for this proposed 1600 Megawatt plant, which will both assist the local economy and reduce the state's dependence on imported electricity. Chairman and CEO Don Gillispie comments, "It is an honor to be making history with the nation's first green field nuclear plant in over 25 years and, more importantly, to be helping reduce the effects of global warming by providing low cost, reliable, and emissions-free energy."

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

The Idaho Energy Complex, a holding of AEHI, is a proposed $3.5 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.

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, a safe and effective system for removing carbon dioxide from coal and natural gas plants emissions, and marketable lightning harvesting technology for electricity production.

"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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