The Canadian Committee for World Press Freedom has named Mohamed Fahmy as the 16th recipient of the award.
Fahmy, a producer with Al-Jazeera English, was arrested with two colleagues in December of last year and has been in jail ever since.
The three, along 17 others, face terrorism-related charges based on the Egyptian authorities' accusations that they provided a platform to the Muslim Brotherhood group of ousted president Mohammed Morsi, which the government has declared a terrorist organization.
Fahmy is to be recognized Friday at a luncheon event in Ottawa, where author and scholar John Ralston Saul will serve as the keynote speaker.
Canadian politicians have repeatedly called for Fahmy's release.