updated 4/26/2011 9:16:31 AM ET 2011-04-26T13:16:31

BOISE, Idaho, April 26, 2011 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI)(www.aehipower.com) today announced Payette County Commissioners scheduled June 6, 2011 at 7:00 p.m. MDT as the hearing date for AEHI and the company's plan to build a nuclear power plant in rural Payette County, Idaho. The hearing will determine whether Commissioners approve of a requested rezone of a proposed site from agricultural to industrial. An affirmative decision would also be the final approval required by the state of Idaho to build such a plant on this site.

Payette County Planning and Zoning Commissioners already recommended approval for the proposed rezone on December 9nd, 2010.

"This is the hearing we've been waiting for," said Don Gillispie, AEHI CEO. "Assuming the Commissioners follow through on the recommendation from Planning and Zoning, AEHI will reach an historic milestone as the first independent power producer to receive final local approval to build a new nuclear power plant, which will also be the first geenfield site approval west of the Rockies."

Officials in surrounding towns have also begun writing Commissioners with their recommendations. The most recent came from city leaders in New Plymouth, Idaho, which is the nearest town to the proposed site. Their written statement from April 12th, 2011 reads, "The Mayor of the City of New Plymouth and the City Council have considered again the proposed development of a nuclear generation plant in Payette County at the location they have proposed. We are very much in support of the application by AEHI, as they have proposed."

The site is part of a larger 5,300-acre parcel near Big Willow Road and Stone Quarry Road.

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 lead 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 assists 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, NY 10017 
          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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