updated 12/6/2010 5:15:19 AM ET 2010-12-06T10:15:19

BOISE, Idaho, Dec. 3, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com) today announced the company received a large majority of support during the Thursday night rezone hearing, which should now play a tremendous role in determining the local approval process to build a nuclear power plant in Idaho. Of those attending the hearing, about 70% stood in support of AEHI. 

Half of all the opponents in the meeting including some college students who testified were transported to the hearing by an anti-nuclear group. The issue was even noted by several commissioners, one of whom was applauded by the audience after telling one of the opponents he was offended by his testimony.

"Much like the written testimony in this case, the outcome is very reminiscent of the last round of hearings, which ended with commissioners voting overwhelmingly in favor of AEHI," said AEHI CEO Don Gillispie.

Another hearing has been scheduled for next Thursday, December 9th, 2010 at 7 p.m. at the Payette County Courthouse. Public comment will not be permitted and it is possible Planning & Zoning Commissioners will announce their final decision during that time.

About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) -- Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com),  Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.  

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe," "expect," "anticipate," "project," "target," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the "Risk Factors" section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.

CONTACT:  Wolfe Axelrod Weinberger Associates, LLC.
          Investor Relations Firm:
          Stephen D. Axelrod, CFA
          212-370-4500
          steve@wolfeaxelrod.com
          317 Madison Avenue, Suite 515
          New York, NY 10017 

          Alternate Energy Holdings, Inc.
          Media:
          Dan Hamilton, Director of Corporate Communications
          (208) 939-9311 
          dan@aehipower.com

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