October 28, 2008

AEHI Conducts Online Presentation for Wall Street Newscast’s Clean Tech Investor Forum

Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI), a developer of nuclear and retail energy-neutral home and business technology, announced that Don Gillispie, the Chairman & CEO of the Company, has conducted an online interview with www.wallstreetnewscast.com.

Mr. Gillispie discusses the company's plans to develop local nuclear power plants in the US and Mexico, and their retail energy-neutral products for individual homes and businesses.

AEHI seeks to construct a 1600 MWe advanced nuclear reactor, Idaho Energy Complex that produces electricity and bio-fuels from the waste heat near Mountain Home, Idaho. Also, the company has a pending agreement with the Mexican government to construct an advanced nuclear reactor that will also desalinate seawater into potable water. A letter of intent is under development with a landowner in Colorado for an advanced nuclear reactor for electricity as well as joint venture on wind and solar for the Colorado Energy Park. Another AEHI holding is Energy Neutral Inc., which uses technology and renewables to virtually eliminate energy bills for homes, businesses and farms.

To listen to the full interview investors can go to http://www.wallstreetnewscast.com/sectors/cleantech.html.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)

Alternate Energy Holdings actively acquires private green energy companies, as well as develops and markets innovative clean energy sources. Current projects include the Idaho Energy Complex (www.idahoenergycomplex.com), bio-fuel generation, energy-neutral home and business technology (www.energyneutralinc.com) and International Reactors, Inc., which assists developing countries with nuclear reactors for power generation and production of potable water.

About Wall Street Newscast

Located in New York City, WallStreetNewscast.com (WSNC) offers a wide-range of services to companies and investor relation professionals to discuss their recent news, earnings reports, and corporate events to a diverse network of individual and institutional investors on Wall Street.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable.

 Contact:  Investor Relations 208-939-9311 Email Contact  Wall Street Newscast Sarah Kapchinske 917 670-0843 Email Contact

SOURCE: Alternate Energy Holdings, Inc.