diff --git a/specs-go/version.go b/specs-go/version.go
index 31f99cf64..bf4d8cc7e 100644
--- a/specs-go/version.go
+++ b/specs-go/version.go
@@ -20,12 +20,12 @@ const (
 	// VersionMajor is for an API incompatible changes
 	VersionMajor = 1
 	// VersionMinor is for functionality in a backwards-compatible manner
-	VersionMinor = 0
+	VersionMinor = 1
 	// VersionPatch is for backwards-compatible bug fixes
-	VersionPatch = 2
+	VersionPatch = 0
 
 	// VersionDev indicates development branch. Releases will be empty string.
-	VersionDev = "-dev"
+	VersionDev = "-rc1"
 )
 
 // Version is the specification version that the package types support.