Craig Premack, 59, of Burnaby, B.C., was shot in the forearm on June 1 near Spences Bridge. At the time of the shooting, police said they believe the shooter fired from just off of Highway 1, and then drove away in a pickup truck.
Premack was found on the ground by a fellow cyclist around 1 a.m. bleeding badly.
He was taking part in the Cache Creek 600, a 600-kilometre, two-day cycling marathon from Pitt Meadows to Cache Creek organized by the B.C. Randonneurs Cycling Club.
Because of the long distances involved, cyclists taking part in the ride are on the road during the early hours.
CBC.ca will broadcast the news conference live at 10:30 a.m. PT from RCMP headquarters in Surrey.