diff --git a/CHANGELOG.md b/CHANGELOG.md
index e61b6a89..5444ae69 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,7 +5,7 @@ The sections should follow the order `Packaging`, `Added`, `Changed`, `Fixed` an
 
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
-## 0.7.0-dev
+## 0.7.0-rc1
 
 ### Added
 
diff --git a/Cargo.lock b/Cargo.lock
index e531f683..3faf73d1 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -14,7 +14,7 @@ checksum = "aae1277d39aeec15cb388266ecc24b11c80469deae6067e17a1a7aa9e5c1f234"
 
 [[package]]
 name = "alacritty"
-version = "0.7.0-dev"
+version = "0.7.0-rc1"
 dependencies = [
  "alacritty_config_derive",
  "alacritty_terminal",
@@ -61,7 +61,7 @@ dependencies = [
 
 [[package]]
 name = "alacritty_terminal"
-version = "0.11.1-dev"
+version = "0.12.0-rc1"
 dependencies = [
  "alacritty_config_derive",
  "base64 0.12.3",
diff --git a/alacritty/Cargo.toml b/alacritty/Cargo.toml
index 39a7e0cf..2ac96f4e 100644
--- a/alacritty/Cargo.toml
+++ b/alacritty/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "alacritty"
-version = "0.7.0-dev"
+version = "0.7.0-rc1"
 authors = ["Christian Duerr <contact@christianduerr.com>", "Joe Wilm <joe@jwilm.com>"]
 license = "Apache-2.0"
 description = "A fast, cross-platform, OpenGL terminal emulator"
@@ -10,7 +10,7 @@ edition = "2018"
 
 [dependencies.alacritty_terminal]
 path = "../alacritty_terminal"
-version = "0.11.1-dev"
+version = "0.12.0-rc1"
 default-features = false
 
 [dependencies.alacritty_config_derive]
diff --git a/alacritty_terminal/Cargo.toml b/alacritty_terminal/Cargo.toml
index 5bc144b2..4012f114 100644
--- a/alacritty_terminal/Cargo.toml
+++ b/alacritty_terminal/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "alacritty_terminal"
-version = "0.11.1-dev"
+version = "0.12.0-rc1"
 authors = ["Christian Duerr <contact@christianduerr.com>", "Joe Wilm <joe@jwilm.com>"]
 license = "Apache-2.0"
 description = "Library for writing terminal emulators"
diff --git a/extra/alacritty.man b/extra/alacritty.man
index 2d15c2f9..d636c624 100644
--- a/extra/alacritty.man
+++ b/extra/alacritty.man
@@ -1,4 +1,4 @@
-.TH ALACRITTY "1" "August 2018" "alacritty 0.7.0-dev" "User Commands"
+.TH ALACRITTY "1" "August 2018" "alacritty 0.7.0-rc1" "User Commands"
 .SH NAME
 Alacritty \- A fast, cross-platform, OpenGL terminal emulator
 .SH "SYNOPSIS"
diff --git a/extra/linux/io.alacritty.Alacritty.appdata.xml b/extra/linux/io.alacritty.Alacritty.appdata.xml
index d9f5e1f2..af82c474 100644
--- a/extra/linux/io.alacritty.Alacritty.appdata.xml
+++ b/extra/linux/io.alacritty.Alacritty.appdata.xml
@@ -28,9 +28,6 @@
   </keywords>
   <url type="homepage">https://github.com/alacritty/alacritty</url>
   <url type="bugtracker">https://github.com/alacritty/alacritty/issues</url>
-  <releases>
-    <release version="0.7.0-dev" date="2019-06-16" unix_timestamp="1560694196"/>
-  </releases>
   <update_contact>https://github.com/alacritty/alacritty/blob/master/CONTRIBUTING.md#contact</update_contact>
   <developer_name>Christian Duerr</developer_name>
 </component>
diff --git a/extra/osx/Alacritty.app/Contents/Info.plist b/extra/osx/Alacritty.app/Contents/Info.plist
index 19432c58..822eccbf 100644
--- a/extra/osx/Alacritty.app/Contents/Info.plist
+++ b/extra/osx/Alacritty.app/Contents/Info.plist
@@ -15,7 +15,7 @@
   <key>CFBundlePackageType</key>
   <string>APPL</string>
   <key>CFBundleShortVersionString</key>
-  <string>0.7.0-dev</string>
+  <string>0.7.0-rc1</string>
   <key>CFBundleSupportedPlatforms</key>
   <array>
     <string>MacOSX</string>
diff --git a/extra/windows/wix/alacritty.wxs b/extra/windows/wix/alacritty.wxs
index 342e82b1..758e1437 100644
--- a/extra/windows/wix/alacritty.wxs
+++ b/extra/windows/wix/alacritty.wxs
@@ -1,6 +1,6 @@
 <?xml version="1.0" encoding="windows-1252"?>
 <Wix xmlns="http://schemas.microsoft.com/wix/2006/wi" xmlns:util="http://schemas.microsoft.com/wix/UtilExtension">
-    <Product Name="Alacritty" Id="*" UpgradeCode="87c21c74-dbd5-4584-89d5-46d9cd0c40a7" Language="1033" Codepage="1252" Version="0.7.0-dev" Manufacturer="Alacritty">
+    <Product Name="Alacritty" Id="*" UpgradeCode="87c21c74-dbd5-4584-89d5-46d9cd0c40a7" Language="1033" Codepage="1252" Version="0.7.0-rc1" Manufacturer="Alacritty">
         <Package InstallerVersion="200" Compressed="yes" InstallScope="perMachine"/>
         <MajorUpgrade AllowSameVersionUpgrades="yes" DowngradeErrorMessage="A newer version of [ProductName] is already installed."/>
         <Icon Id="AlacrittyIco" SourceFile=".\extra\windows\alacritty.ico"/>