diff --git a/SPREE_VERSION b/SPREE_VERSION
index cd9a6bcf51e..192fc4f128c 100644
--- a/SPREE_VERSION
+++ b/SPREE_VERSION
@@ -1 +1 @@
-1.0.0.beta
+1.0.0.rc1
diff --git a/core/lib/spree/core/version.rb b/core/lib/spree/core/version.rb
index 359391ff60b..df1a9cfa0f9 100644
--- a/core/lib/spree/core/version.rb
+++ b/core/lib/spree/core/version.rb
@@ -1,5 +1,5 @@
 module Spree
   def self.version
-    "1.0.0.beta"
+    "1.0.0.rc1"
   end
 end