Church Litten in Newport will become a Queen Elizabeth II Jubilee Field next Saturday.
The Island's MP Andrew Turner, Lord Lieutenant, Major General Martin White and the Chief Executive of Fields In Trust, Alison Moore-Gwynn will be attending a ceremony at the park.
2012 fields across the country will receive the honour as part of the Queen's Diamond Jubilee celebrations.
The Queen Elizabeth II Fields Challenge is Fields in Trust's current flagship UK-wide programme to celebrate the Diamond Jubilee and London Olympic and Paralympic Games, as well as the 2014 Commonwealth Games by permanently protecting 2012 outdoor recreational spaces by 2012.
The challenge is supported by HRH The Duke of Cambridge, and has already recognised over 1500 fields across the UK.
Church Litten will become the third field to receive the honour on the Isle of Wight.
Victoria Recreation Ground in East Cowes, and Ryde's Simeon Field have been dedicated, and commemorative plaques have been unveiled by the respective town Mayors.
The ceremony will begin at 1100 at Church Litten, Newport next Saturday.