NEWS RELEASE
  9:15 am ET
  September 28, 2009


         AEHI prepares to launch Colorado nuclear-solar power plant site

Boise,  Idaho,  September  28,  2009 - Alternate  Energy  Holdings,  Inc.  (OTC:
AEHI.PK):  AEHI executives  visited  Colorado last week to meet with a number of
key county and state leaders to ascertain the support for a combination  nuclear
and solar power plant in Pueblo  County.  The trip also included a review of the
property by a nuclear site expert to determine  suitability.  Colorado currently
does not have an operating  nuclear  plant but has a strong  commitment to clean
energy sources to address Climate Change using  renewables,  but base load power
is primarily provided by coal plants.  Therefore, the state is a prime candidate
for nuclear to replace the aging coal plants to fully support  their  commitment
to addressing  Climate  Change.  AEHI CEO, Don  Gillispie,  said, " We were very
encouraged  by  the  supportive   remarks  from   businessmen,   labor  leaders,
politicians and members of the state's  administration.  They clearly understand
that  nuclear  plants  not  only  create  clean  power  necessary  to help  with
environmental  challenges,  but low  cost,  reliable  energy  to  stabilize  the
electric grid while creating thousands of high paying jobs."

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)
Alternate Energy Holdings develops and markets  innovative clean energy sources.
The company is the  nation's  only  independent  nuclear  power plant  developer
willing to build power plants in non-nuclear  states.  Other  projects  include,
Energy   Neutral  which  removes   energy  demands  from  homes  and  businesses
(www.energyneutralinc.com),   Idaho   Energy   Complex   (nuclear  and  biofuels
generation) and International Reactors,  which assists developing countries with
nuclear  reactors for power  generation,  production  of potable water and other
suitable  applications.  Also,  AEHI China  develops  joint  ventures to produce
nuclear plant components among other things for export.

"Safe Harbor" Statement:  This press release may contain certain forward-looking
statements  within the meaning of Sections  27A & 21E of the amended  Securities
and  Exchange  Acts of  1933-34,  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,  there can be no
assurance  that  these  statements  included  in this press  release  will prove
accurate.


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