BOISE, ID--(MARKET WIRE)--Aug 26, 2008 -- Alternate Energy Holdings, Inc. (Other OTC:AEHI.PK - News) has filed a lawsuit in Idaho's 4th District Court after the Snake River Alliance, an environmental group, and its director called the company "scammers." The comments, broadcast Aug. 11, defame the company, its board, its stockholders and development team, said AEHI President and CEO Donald Gillispie. "We have passed two independent financial audits and if anything were even slightly amiss, we'd have heard about it," Gillispie said. "These radical groups are allowed to make almost any claim they wish, regardless of the facts, and the media rarely questions them. Someone has to hold them accountable. They have used defamation tactics since the day we announced this plant and the media has obliged them by spreading their fabrications." AEHI is the parent company of the Idaho Energy Complex (www.idahoenergycomplex.com), a proposed 1,600-megawatt nuclear reactor in southwestern Idaho. Elmore County has scheduled a hearing for Oct. 1 on a request to rezone 1,400 acres in preparation for the plant near Mountain Home, Idaho.

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 the Idaho Energy Complex, bio-fuel generation, energy-neutral home and business technology (www.energyneutralinc.com) and International Reactors, Inc., which assists developing countries with nuclear reactors for power generation and production of potable water.

"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, there can be no assurance that the forward-looking statements included in this press release will prove accurate. 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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