SOURCE: Alternate Energy Holdings, Inc.

January 25, 2007 09:15 ET

Alternate Energy Holdings (AEHI) Seeks to Purchase Operating Nuclear Plant in the U.S.

ROANOKE, VA -- (MARKET WIRE) -- January 25, 2007 -- Alternate Energy Holdings (PINKSHEETS: AEHI) announced its active intentions to purchase an operating nuclear plant, located within the United States, for optimization and additional nuclear construction. The company is contacting nuclear plant owners directly at this time to initiate negotiations and is willing to pay upwards of one billion dollars for a deregulated site. After assuming ownership, AEHI intends to optimize the plant's performance to generate immediate profit and, under the provisions of the 2005 Energy Bill, begin construction of an additional nuclear unit on the site within two years. President and CEO Don Gillispie states, "We think many of the nuclear plants sold over the past several years were priced below their actual market value considering, among other things, the demand for clean energy to reduce CO2 emissions. Excluding a shrinking contribution from hydro and small additions by wind and solar, nuclear stands alone as the only CO2 free, cost competitive, large scale power source available to address global warming."

About Alternate Energy Holdings, Inc.

Alternate Energy Holdings actively develops and markets innovative clean energy sources to reduce dependence on foreign energy sources. Current additional projects include an economical and environmentally-friendly fuel additive that will reduce the cost of natural gas energy production by 25% to 40%, marketable lightning harvesting technology for electricity production, coal to diesel fuel conversion, carbon dioxide removal from gas turbine exhaust, and urban mini-reactors for safe, compact power generation.

"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. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by AEHI or any other person that the objective and plans of AEHI will be achieved.

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