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AEHI (.30) Issues Open Letter to Shareholders

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ROANOKE, VA -- (MARKET WIRE) -- 11/21/06 -- Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI)

Dear Fellow Shareholders:

As Founder and Chief Executive Officer and on behalf of our prestigious Board of Directors, it is with great pleasure that I welcome you as investors to our "Family" of Alternative Energy Companies.

We understand that some of you have become "involuntary" shareholders in Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI) as a result of the reverse merger with Nussentials Holdings, Inc. on September 13, 2006. We are a new concept energy company focused on the multilateral goals of reducing energy costs, promoting green power sources, and decreasing the funding of terrorism resulting, in part, from U.S. dependence on foreign oil and gas. We appreciate your support, and we pledge to take the necessary steps to grow YOUR company and enhance shareholder value of our stock.

Establishing an energy company today requires ability, experience, and capital. AEHI's proven Board of Directors, comprised of notably distinguished former senior executives in the utility and investment industries, includes the former head of the Nuclear Regulatory Committee (NRC), the recipient of two Presidential Distinguished Executive Rank Awards, and the former President of a multi-unit nuclear utility.

AEHI has obtained pre-approval for an $800 million loan to fund the purchase of an operating nuclear power plant, and we are currently in the process of selecting our first acquisition in that field. The remaining key to our success is the ability to raise capital through our stock. Since becoming public, our share price has traded between $.25 and $2.00 -- well below that of nuclear utilities, which average $50 to $60 per share. Investors who already own stock, or have even chosen to increase their position during the Company's early operations, could benefit significantly as AEHI brings these energy ventures to market. We urge you to do your due diligence and to contact your investment advisor for a professional opinion.

In addition to the nuclear plant purchase, current AEHI projects include new nuclear construction under the 2005 Energy Bill provisions, an economical and environmentally friendly fuel additive that will reduce the cost of natural gas energy production by 25% to 40%, marketable lightning harvesting technology for electricity production, coal to diesel fuel conversion, carbon dioxide removal from gas turbine exhaust, and urban mini-reactors for safe, compact power generation.

We are preparing a public offering in order to generate additional capital for these projects, as well as to mitigate the current effect of small stock transactions producing substantial daily share price fluctuations. You may receive a prospectus by contacting our office.

Please visit our company website for current news and information.

Thank you for your courtesy in taking the time to read this letter and for your investment support.

Sincerely,

Don Gillispie
President and CEO

"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. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Alternate Energy Holdings, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Alternate Energy Holdings, Inc. or any other person that the objective and plans of Alternate Energy Holdings will be achieved.

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