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AEHI Alternate Energy Holdings (AEHI) Secures $3.5 Billion in Funding for Proposed
Idaho Energy Complex

LYNCHBURG, VA, Jun 26, 2007 (MARKET WIRE via COMTEX) -- Alternate Energy Holdings
(PINKSHEETS: AEHI) announced that Cobblestone Financial Group, Inc. --
representing numerous investors and funding sources -- has provided the company
with a letter of intent to fund 100% of AEHI's proposed Idaho Energy Complex
(IEC), estimated at $3.5 billion. The financing package will include a
construction to permanent conversion option upon construction completion, as well
as the option to be structured in phases -- the first phase beginning with the
Nuclear Regulatory combined operating and construction license (COL) application,
estimated at $100 million. The first phase is expected to begin early fall 2007.

About Idaho Energy Complex Corporation

The Idaho Energy Complex, a holding of AEHI, is a proposed commercial nuclear
power plant/bio-fuel generation facility to be constructed on a designated sight
near Grand View, Idaho. The electricity provided by the nuclear plant would be
sufficient to power Idaho's growing needs and allow the elimination of fossil
fuels for current power production. Additionally, excess heat from the nuclear
reactor would be used to produce ethanol and methane from local crops and
agricultural waste.

About Alternate Energy Holdings, Inc.

Alternate Energy Holdings actively acquires private green energy companies, as
well as develops and markets innovative clean energy sources. Current projects
include nuclear construction, bio-fuel generation, a safe and effective system
for removing carbon dioxide from coal and natural gas plants emissions, and
marketable lightning harvesting technology for electricity production.

"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, there can be no assurance that the
forward-looking statements included in this press release will prove accurate. In
light of the significant uncertainties inherent in the forward-looking statements
included herein, the inclusion should not be regarded as a representation that
the objective and plans of AEHI will be achieved.

For More Information:
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540-586-7470
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SOURCE: Alternate Energy Holdings, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=69EEF0806DE4C373
http://www2.marketwire.com/mw/emailprcntct?id=5414D0A2C491E11F


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