AEHI's Energy Neutral Starts Construction on First House to Eliminate Energy Costs Over Its Lifetime

BOISE, ID, Nov 12 (MARKET WIRE) --
Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI): AEHI is constructing
its first "Energy Neutral" house, designed from the ground-up to produce
more energy than it consumes. Energy Neutral, Inc. is a holding of AEHI
and CEO Don Gillispie said, "It is a green house that saves Greenbacks."

The idea of using renewable energy to augment residential power has been
around for years. However, Energy Neutral is using established methods of
energy production -- such as solar panels -- and combining them with
energy-saving construction practices to provide an affordable house that
achieves energy neutrality. The house may draw energy from the grid as
needed, such as during evening hours, but send energy back into the grid
on sunny days. In all, the house is expected to be a net producer of
electricity and carry a zero energy bill over its life.

Gillispie said, "Renewables produce energy inconsistently, so integrating
them with a reliable baseload power source gives the best of both worlds.
This is another way to help the country by lowering grid demand and
consumers' power bills not to mention reducing emissions. This house
costing about the same as a conventional heated and cooled building will
save its owner over $200,000 in energy bills over a fifty year life at
today's costs. When you consider the escalating cost of energy, the
savings could approach $1,000,000 over the same time period effectively
allowing the homeowner to buy the house including interest with his
energy savings."

The house, to be complete March 2010, is approximately 3,000 sq. feet and
will market for around $100 per sq. foot. Also, it will participate in
Idaho Power's net metering program, drawing and supplying energy to and
from the grid.

Energy Neutral, Inc. is able to add more energy production features in
future houses, such as photovoltaic panels that resemble shingles and
small wind turbines for windy areas. While Energy Neutral is showcasing
its abilities with the model home, it can also apply these technologies to
farms and businesses and is hoping to break into those markets as well.
Gillispie said he hopes to begin a Energy Neutral subdivision next year
and the model home is the first step.

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 publicly traded 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), Colorado
Energy Park (nuclear and solar 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, headquartered In Beijing, develops joint ventures to
produce nuclear plant components and consults on nuclear power.

"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.

US Investor Relations:
Alternate Energy Holdings, Inc.
208-939-9311
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