updated 3/17/2011 10:17:41 AM ET 2011-03-17T14:17:41

BOISE, Idaho, March 17, 2011 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com) announced today that AEHI CEO Don Gillispie appeared on Fox News as a nuclear expert to discuss the ongoing nuclear situation in Japan. Gillispie used his combined 45-year background in the nuclear industry to put a professional perspective on current events.

"It is very important that people begin receiving some context as it relates to these events. It is the reason I chose to appear on national news, because I believe it is critical that the world understands the plant in Japan is old and it was the only one of many plants on the coast affected by the tsunami," said Don Gillispie, AEHI CEO.

"More importantly this should not be considered another 'Chernobyl' due to this plant's safer design. New advanced reactors have even more safety features built into them that reduce, or eliminate similar problems. Despite this recent event, nuclear power remains the safest option for base load power and that message needs to get out, especially as some national and international leaders are reacting with what I believe to be limited information or misinformation."

Gillispie pointed out that nuclear power plants are heavily regulated in the U.S., more so than in any other country and that regulations like the "black-out rule" helps makes them safer. The black-out rule requires plants to operate without offsite power long enough to cool the reactor.

About Alternate Energy Holdings, Inc. (http://www.aehipower.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; Idaho Energy Complex is the first project . Other business units include Energy Neutral(R), which reduces energy demands for homes and businesses (http://www.energyneutralinc.com) and Green World Water(TM), which is seeking to assist developing countries with nuclear reactors for production of potable water, power generation and other suitable applications (http://www.greenworld-h2o.com).

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: Investor Relations Firm:
         Stephen D. Axelrod, CFA
         Wolfe Axelrod Weinberger Associates, LLC.
         317 Madison Avenue, Suite 515
         New York, NY10017
         Tel: 212-370-4500
         E-mail: steve@wolfeaxelrod.com
         
         Media:
         Dan Hamilton
         Director of Corporate Communications
         Alternate Energy Holdings, Inc.
         Tel: (208) 939-9311
         E-mail: dan@aehipower.com

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