Alternate Energy Corp. Announces New Executive Management Team Appointments.

Energy Editors/Business Editors

LAS VEGAS--(BUSINESS WIRE)--Nov. 6, 2003

Alternate Energy Corp. (OTCBB:ARGY) announced today that it has expanded its senior management team by appointing Corbee Dutchburn (M.Ch.E. C.E.T.) as President and Chief Operating Officer and Lyle Goodis as Executive Vice President. Both Dutchburn and Goodis have been working with AEC in a consultative capacity over the past few months on the strategic marketing, communications, production planning and business development for its affordable, on-demand proprietary hydrogen technology.

"Both Corbee and Lyle bring great hands-on management, engineering and marketing experience, a clear understanding of our business goals, creativity, innovation and a very disciplined, strategic approach to building businesses," said Blaine Froats, Chairman & CEO of Alernate Energy Corp. "They have both been successful in the areas of new product development, marketing, manufacturing, joint ventures and manufacturing operations."

Dutchburn and Goodis will be key players in the new Executive Management Team, and will help create and execute the strategic direction of AEC, manage the operations of the organization and drive it into the position of being a leading hydrogen production energy company.

Dutchburn and Goodis have strong, diverse senior management and entrepreneurial backgrounds working with large international and new technology companies, in both commercial and consumer sectors. "AEC has a tremendous opportunity in a very competitive, rapidly growing sector," said Dutchburn. "With the continuing concerns over a reliable, cost-effective energy supply, increasing reliance on foreign fossil fuels and their related environmental concerns, we fully intend to do everything we can to help steer this business in the right direction to realize its full potential."

"The hydrogen and fuel cell markets are experiencing rapid growth and several challenges ahead," said Goodis. "With both global consumer and commercial market segments presenting massive opportunities, our priorities are clear -- ready this technology for market launch and sort out the best channels and partners to get to market to capitalize on our low cost, pure hydrogen production process."

About Alternate Energy Corp. (AEC):

Founded in March 2000, AEC is an energy company committed to delivering innovative, practical and environmentally responsible fuel and power solutions to consumer, commercial and government markets. AEC owns an affordable, on-demand high-grade hydrogen production process that is expected to dominate markets that require hydrogen as fuel. These markets include consumer home heating, electric utility companies and large commercial/industrial companies (manufacturing, petroleum, chemical, mining, steel, pulp and paper, etc.). This is accomplished without increasing the amount of fossil fuel that is used, which provides two additional benefits: less dependency on imported fossil fuels and lower fossil fuel pollution levels. By virtue of its innovative technologies, AEC's mandate is to combine economic practicality with an environmentally sound, alternative energy future.

Additional information is also available at the company's website at www.cleanwatts.com

Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate outstanding prior debts of acquired companies; properly identify acquisition partners; adequately perform due diligence; manage and integrate acquired businesses; react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These risks are and will be detailed, from time to time, in ARGY's Securities and Exchange Commission filings, including Form 10-KSB 10-QSB and 8-K. Actual results may differ materially from management's expectations.