The exhibition will show the ambulance service's history "in words and images" at Candie Gardens.
The Island Memories Project aims to record islanders' accounts of their past.
Relief vessels are being used after a mechanical fault with the Flying Christine III is identified.
The Flying Christine III has provided a marine ambulance service across the bailiwick for 30 years.
Ambulance, police, fire and the RNLI were involved with the rescue from Cows Horn on Monday.
Volunteers and an ambulance boat were deployed on Tuesday.
Two staff and a volunteer are invested as Members of the Order of St John.
Islander who suffered incident in the street thanks those who saved his life.
Ross Senior says the experience helped him to identify areas of improvement for the island's ambulance.
