SOURCE: Alternate Energy Holdings, Inc.

November 30, 2006 09:15 ET

Alternate Energy Holdings Announces Election of Former NEI Vice President to Board

ROANOKE, VA -- (MARKET WIRE) -- November 30, 2006 -- Alternate Energy Holdings (PINKSHEETS: AEHI) announced the election of Ralph Beedle, former Senior Vice President of the Nuclear Energy Institute (NEI), to the company's Board of Directors. Mr. Beedle served seven years as Senior Vice President and Chief Nuclear Officer of NEI -- where, in addition to his operational management duties, he interacted regularly with the U.S. Nuclear Regulatory Commission and other federal agencies, as well as members of Congress. Mr. Beedle has also been employed in senior positions by the Institute of Nuclear Power Operations (INPO), the New York Power Authority, and the U.S. Navy Nuclear Program. AEHI President and CEO Don Gillispie states that Mr. Beedle's Board membership provides "invaluable practical industry and political insight" to the company's undertakings.

About Alternate Energy Holdings, Inc.

Alternate Energy Holdings actively develops and markets innovative clean energy sources to reduce dependence on foreign energy sources. Current projects include nuclear construction, 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. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Alternate Energy Holdings, Inc. 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 Alternate Energy Holdings, Inc. or any other person that the objective and plans of Alternate Energy Holdings will be achieved.

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