Happy Feet has become a wildlife celebrity during his two-month rehabilitation, attracting global media interest and inspiring plans for a book and documentary recounting his story.
New Zealand Prime Minister John Key set aside matters of state momentarily to wish the penguin well, while actor Stephen Fry, in Wellington to film "The Hobbit", visited him in his sub-zero living quarters.
Attendances at Wellington Zoo have almost doubled, even though Happy Feet has not been on public display.
"It's put our little zoo on the map, which has been exciting," Argilla said.
The VIP treatment will continue on Monday, when Happy Feet is loaded onto the New Zealand research ship Tangaroa in a custom-made insulated crate to hitch a ride to the Southern Ocean.
With Argilla and two assistants on hand to ensure smooth passage, he will be released into the notoriously rough seas after a four-day voyage.
"He won't mind about 10-metre (33-foot) swells, this guy's used to harsh conditions, he'll probably be pretty excited actually and just dive away and that'll be the last we see of him," Argilla said.
"He'll hopefully bump into some penguins that he recognises, fingers crossed. Otherwise, he'll just go and probably establish himself in another colony."
The area where Happy Feet will be set free is still 2,000 kilometres from Antarctica but Argilla said it was within the normal feeding range of emperor penguins and his chances of survival were good.
"We're pretty hopeful," she said. "He just needs to deal with being an emperor penguin out in the wild and survive the predators. The wild is a harsh, cruel environment and obviously there are risks, but we're giving him the chance to live out his normal life cycle."
For those suffering Happy Feet-withdrawal, the bird will be fitted with a GPS tracker so researchers and the public can monitor his progress in the wild at www.wellingtonzoo.com.
Despite the feel-good factor surrounding Happy Feet, there have been grumblings about the estimated NZ$90,000 ($75,500) spent saving the bird, with critics saying he should have been euthanised or left on the beach to die.
"We're letting ourselves get carried away with emotions," Wayne Linklater, a biologist at Wellington's Victoria University, told the Dominion Post newspaper, arguing the resources would have been better spent elsewhere.
Jenny Lynch, who coordinates a Wellington-based volunteer scheme for conservation group Forest & Bird to help little blue penguins, disagreed saying Happy Feet had raised the public profile of wildlife preservation issues.
"He's been invaluable," she said, citing increased interest in her programme from school children and volunteers.
"It's been quite an ordeal for a penguin to go through and now that he's come out the end of that it's made a nice, happy story.
"There's a lot of doom and gloom around the place and it's good to have something to use as an icon for conservation in New Zealand... I think the ultimate happy ending would be for Happy Feet to end up back in Antarctica with his colony," Argilla added.
Track Latest News Live on NDTV.com and get news updates from India and around the world