updated 6/21/2011 9:16:56 AM ET 2011-06-21T13:16:56

BOISE, Idaho, June 21, 2011 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI)(www.aehipower.com) announced that it received final local rezone approval for building a nuclear power plant in Payette County, Idaho.

On June 20th, Payette County Commissioners unanimously approved the request, which is a landmark achievement for the company and the international nuclear renaissance after the Japanese tsunami-caused event. AEHI is now the first publicly-traded independent-power producer to receive local nuclear site approval in the United States. AEHI intends to enter the federal approval process with the U.S. Nuclear Regulatory Commission (NRC) by applying for a combined construction and operating license for an advanced nuclear power plant.

"I am grateful to our stockholders and our supporters for remaining with us during this challenging time. We have proved to the world that this process can be accomplished despite the best efforts of anti-nuclear activists. I now look forward to the federal process, as key government officials in the United States, like President Barack Obama have put their support behind nuclear power," 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. 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. 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, Corporate Communications
         (208) 939-9311

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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