Alternate Energy Holdings' Proposed Nuclear Power Plant Poised to Provide Power for Idaho and US West

Market Wire, October, 2007

Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI) announced that the company's proposed commercial nuclear power plant, the Idaho Energy Complex (IEC), supports Idaho Governor C.L. "Butch" Otter's plans for the state to endorse nuclear power. An Associated Press article by John Miller quoted Otter: "... When you take a look at the impact they have and the subsidy they need, solar and wind both are tremendously subsidized. I think there are other clean energy alternatives. I think nuclear is one of them. I'm behind nuclear." Otter stated that the nuclear industry will curb greenhouse gas emissions and could be worth as much as $7 billion annually to Idaho. Currently, the Nuclear Regulatory Commission lists the IEC as the only proposed new nuclear reactoOr in the western United States, and the Complex will be critical to meeting increasing power demands projected for the industry.

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.

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.

"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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