diff --git a/README.markdown b/README.markdown
index 990f961..9e73704 100644
--- a/README.markdown
+++ b/README.markdown
@@ -1,4 +1,4 @@
-Version 0.8b3
+Version 0.8rc1
 
 # A brand new **hyde**
 
diff --git a/hyde/version.py b/hyde/version.py
index 0b60bb1..cba0ed6 100644
--- a/hyde/version.py
+++ b/hyde/version.py
@@ -3,4 +3,4 @@
 Handles hyde version
 TODO: Use fabric like versioning scheme
 """
-__version__ = '0.8b3'
+__version__ = '0.8rc1'