updated 6/6/2011 9:17:26 AM ET 2011-06-06T13:17:26

BOISE, Idaho, June 6, 2011 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com) today announced the company will take part in the final stage of rezone hearings this evening in Payette County, Idaho, which if approved, will allow the company to move forward in the federal process prior to building a nuclear power plant in Idaho.

AEHI supporters living in the area are encouraged to attend and testify. Those who live elsewhere are asked to email their testimonies to lroyston@payettecounty.org by 5 p.m. MDT.

The hearing is scheduled for Monday, June 6, 2011 at 7:00 p.m. MDT in the Payette High School auditorium. The auditorium is a large white dome structure located near Payette High School at 1500 6th Avenue South in Payette.

"This is the most important moment for AEHI thus far. County Commissioners have already approved a change to their comprehensive plan specifically for a nuclear power plant and since then Planning and Zoning Commissioners recommended approval for the final rezone. I hope to see every AEHI supporter at the hearing and testifying in favor of building a nuclear power plant, as I believe it will play a tremendous role in the Commissioner's final decision. Previous hearings have seen very high percentages of support in the 70 and 80 percent range," said Don Gillispie, AEHI CEO.

.About Alternate Energy Holdings, Inc. (http://www.aehipower.com) -- Alternate Energy Holdings develops and markets innovative carbon-free 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: Statements in this press release which are not purely historical, including statements regarding Alternative Energy Holdings', intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 establish a business partnership in Algeria or Green World Water's ability to generate revenues. 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: Dan Hamilton
         Director of Corporate Communications
         Alternate Energy Holdings, Inc.
         Tel: (208) 939-9311
         Email: dan@aehipower.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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