The music and arts festival which takes place each August at Ballymully Cottage Farm in Limavady has been nominated in the Best Small Festival, Best Family Festival and Best Line-up categories.
Last year's line-up included appearances from The Divine Comedy, Duke Special and a DJ set from Terri Hooley.
The Roe Valley festival is famed for its mix of arts and culture, which includes a selection of theatre, comedy, dance, poetry and music across five stages over one weekend.
Organiser Ross Parkhill said that the team are delighted to have been recognised in three categories and said it was just reward for all the efforts that the 100 strong team of volunteers have put into bringing the event to Limavady for the past three years.
"We are all chuffed to bits to have been nominated," he said.
"To see us up there in the same categories as massive events such as Electric Picnic, Oxegen and Glasgowbury, it really is a tribute to everyone who has got behind us, gave us huge amounts of their time and helped to get the festival to where it is today."
Parkhill added that regardless of whether they win or lose, the nominations show that the festival is heading in the right direction.
"We never really thought about awards and such before as we were just determined to try and put on the best show that we could," he said.
"It would be amazing to come away with an award after just three years, but even being nominated goes to show that the event is connecting with people and slowly but surely we are getting the name of the festival out there.
"That can only be a good thing going forward as we look to welcome people from all over to Limavady every August."
Fans can vote for this year's Irish Festival Awards here and voting closes on 31 January.