(CNN) Queen Elizabeth II may be approaching her 90th year but it seems there's still time for Britain's longest serving monarch to mark a new first.
It was announced on Tuesday that the head of the UK royal family will present the trophy to the winner of the 2016 Epsom Derby -- Britain's richest horse race -- when the event takes place in early June.
"We are very proud of the royal heritage associated with this fixture," said Simon Durrant, general manager at Epsom Downs Racecourse in a statement to mark the announcement.
"And this year we are honored that Her Majesty The Queen has agreed to present the Derby trophy in the year of her 90th birthday."
Although a horse enthusiast since her youth and a regular spectator at the Epsom event, Queen Elizabeth has never presented the prestigious Derby trophy during her 63-year reign.
The Princess Elizabeth Stakes race, which takes place over the 10-day Epsom festival, is named after her majesty and has been run since 1947.
Additionally, the Coronation Cup race has been renamed The Queen Elizabeth II Coronation Cup this year in honor of her 90th birthday.
A fan of horse racing from a young age, then-Princess Elizabeth is seen walking through the paddock at the Epsom Downs racecourse during the derby on May 27, 1950. An appearance at Epsom Derby would be her first official engagement as queen several years later.
Queen Elizabeth II and the Duke of Edinburgh with members of the royal family including the late Queen Mother, at the Epsom Derby on June 2, 1977.
Queen Elizabeth II seen here with stud manager Sir Michael Oswald, watching the Derby in 1980. One of the queen's trainers, Andrew Balding says: "She is a very well informed and keen owner, probably the best-informed owner in the country."
Despite being one of the UK's best-known owners and breeders of racehorses, with around 30 horses currently in training, the queen has yet to claim victory at the Epsom Derby.
Her Majesty pictured with race goers during the Ever Ready Derby at Epsom racecourse in Epsom, England. It is said in racing circles that the British sovereign's reading material of choice over her breakfast is the Racing Post.
Perhaps her best chance to capture the Derby came last year with Carlton House. The red-hot favorite to win but bad luck in running and the loss of a shoe relegated the queen's runner to third.
The Queen owns a number of horses and became the first monarch to record a victory at the Ascot Gold Cup when her horse, Estimate, took the coveted prize in 2013.
That triumph added to her earlier wins in English Classics series events, the 1,000 Guineas, 2,000 Guineas, The Oaks and St. Leger.
But no horse owned by Queen Elizabeth II has ever triumphed at the Epsom Derby, which was first run way back in 1780, and remains the only leg of the five English Classics she has yet to record a winner in.
Perhaps there's still time for yet another royal first.
Horsey couture at Royal Ascot
The ladies up the glitz and glamor as they take center stage at Ascot on Thursday when the horses also race for the prestigious Gold Cup.
Ladies' Day at Royal Ascot is a chance to channel your inner Audrey Hepburn, pictured in a scene from the famous meeting in the film "My Fair Lady."
The lady behind many of the Royal Ascot hats is local designer Ilda Di Vico, whose creations retail between $150 to $4800.
"We've spotted a lot of fluorescents," Di Vico tells CNN. "The perfect Ascot hat has to be elegant with a touch of wow."
White and ivory was also a trend on Ladies' Day in 2015 as shown here by retro girl band The Tootsie Rollers.
"The ladies go to a hell of a lot of effort on Ladies' Day," says horse racing journalist Oliver Brett, who attempted to seek shade under this fantastically large creation.
Bookmakers at Royal Ascot take bets on what color hat the Queen will wear on each day of the five-day meeting. Queen Elizabeth II chose a light shade of green for Ladies' Day.
There are no questions asked for members of the Royal Family seeking entry to the Royal Enclosure but everyone else must wear a hat and formal attire.
Hollywood actor Damian Lewis adopted the gentlemen's dress code of top hat and tails as he paid a visit to Royal Ascot in 2015.
The high-quality horse racing inspired an equine hat for this racegoer.
Even guide dogs choose to stick to the guidelines on Royal Ascot's strict dress code on Ladies' Day.