BOISE, ID--(MARKET WIRE)--Oct 13, 2008 -- Alternate Energy Holdings, Inc. (Other OTC:AEHI.PK - News) has submitted the necessary securities registration statement to the SEC to be able to become a fully reporting company and in preparation to move to the OTC:BB upon approval. The company just turned two years old. AEHI seeks to construct a 1600 MWe advanced nuclear reactor, Idaho Energy Complex, that produces electricity and bio-fuels from the waste heat near Mountain Home, Idaho. The company, which has one of the industry's most experienced nuclear management teams, has secured a land contract on approximately 1400 acres and has submitted a rezoning application with Elmore County, Idaho. Also, the company has a pending agreement with the Mexican government to construct an advanced nuclear reactor that will also desalinate sea water into potable water. A letter of intent is under development with a landowner in Colorado for an advanced nuclear reactor for electricity as well as joint venture on wind and solar for the Colorado Energy Park. Another AEHI holding is Energy Neutral Inc. which uses technology and renewables to virtually eliminate energy bills for homes, businesses and farms.

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 (www.idahoenergycomplex.com), 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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