Painters submitted work in their thousands and it's hard to believe that it is now down to just five shortlisted artists, one of which will win the overall prize of £25,000.
I can't imagine how Talar Aghbashian, Gabriella Boyd, Benjamin Jamie, Selma Parlour and Michael Simpson will be feeling on the day, but I know that the atmosphere in the Gallery is going to be electric!
We don't want you to miss out on this massive event, so we'll be live streaming it via Periscope and Twitter, so you can watch the announcement live from the comfort of your sofa. Why not have a viewing party and really get into the occasion?
Tune in at 1.55pm (GMT) on Thursday 7 July 2016.
The speeches begin at 2pm, so we'll be talking a little bit about the prize just before they start.
You are basically watching live video, a bit like watching a live broadcast on TV. As such, it's a little unpredictable and certainly not scripted or edited, but that's the beauty of tuning into an exclusive live video event!
Here's a taster of a live video broadcast we did earlier today, going behind the scenes of the John Moores Painting Prize with Exhibitions Officer, Nicola Cunningham:
— John Moores Painting Prize (@JMPaintingPrize) July 5, 2016
Don't forget, you can also come along to our preview event on Friday 8 July from 5-8pm at the Walker Art Gallery.
We'll be staying open late for the opening of Liverpool Biennial, so don't miss the chance to see all the prizewinning paintings before the exhibition opens officially on Saturday 9 July.