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Victoria Pendleton will ride Pacha Du Polder at the Cheltenham Festival on Friday week.
The dual Olympic cycling champion will partner Pacha Du Polder in the St James's Place Foxhunter Chase on Friday week.
Pacha Du Polder's trainer Paul Nicholls and a team of experts made the decision to allow the 35-year-old the chance to fulfil her dream of appearing at next week's Festival.
She said: "We have always had the extremely ambitious target of riding competitively in the Foxhunter as our goal, so to be announcing that I have achieved this goal is a truly amazing feeling."
Victoria Pendleton's Cheltenham Festival dreams suffered a potential jolt after she was unseated in a point-to-point at Kingston Blount on Saturday.
Just days after winning a first race as a jockey at Wincanton, the double Olympic cycling champion was riding the Alan Hill-trained Supreme Danehill when she lost a stirrup after jumping the third fence from the finish and came out of the saddle.
Hill's wife, Lawney, has been one of Pendleton's chief mentors during her Betfair-backed 'Switching Saddles' challenge since it was announced last March that she would make the transition from velodrome to racecourse.
She said: "Unfortunately she's had a fall, but she got up and walked away and is perfectly all right.
"The horse pitched on landing after jumping the third-last. She did well to stay in the saddle, but unfortunately she lost one of her irons, became unbalanced and gravity won."
Victoria Pendleton made every yard of the running to notch her first win as a jockey aboard Pacha Du Polder in the Betfair Switching Saddles Hunters' Chase at Wincanton.
The dual Olympic cycling champion was unshipped from Paul Nicholls' charge on her first start under National Hunt Rules at Fakenham just under two weeks ago, but the duo made no mistake this time.
Sharply away, Pendleton survived a couple of sticky leaps to triumph aboard the 5-4 favourite, running out a 29-length victor.
Her task was somewhat eased when Gauvain, who looked a likely rival, crashed out at the sixth, but Pendleton herself had to survive a slightly shaky jump at the eighth as well as a slow leap at the 10th.
However, she managed to get Pacha Du Polder back on an even keel before kicking for home with two to jump.
She negotiated both of those obstacles with the minimum of fuss, cruising home from Big Fella Thanks to a warm reception from the Wincanton crowd.
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Former Olympic cyclist Victoria Pendleton has been granted an amateur riders' licence by the British Horseracing Authority and is set to be in action at Ripon on Monday.
Former England footballer Michael Owen's prize horse is to miss Royal Ascot's blue-ribbon race after picking up an injury.
Brown Panther was third-favourite for the Gold Cup, but Owen announced on Twitter that he was out of the running.
Absolutely gutted to announce that Brown Panther injured his near fore leg this morning and is out of The Ascot Gold Cup on Thursday.
Many Clouds has won the Grand National at Aintree for trainer Oliver Sherwood and last year's winning jockey Leighton Aspell.
Successful aboard Pineau De Re 12 months ago, Aspell was never too far off the pace and Many Clouds, winner of the Hennessy Gold Cup at Newbury earlier in the season and sixth in the Cheltenham Gold Cup, jumped with aplomb throughout.
For a long way it appeared Shutthefrontdoor could provide Tony McCoy with a fairytale second National triumph before his retirement, but he eventually weakened into fifth place.
Many Clouds tired from the elbow, but had enough in the tank to hold off Saint Are, with Monbeg Dude third and Alvarado fourth.