diff --git a/CHANGELOG.md b/CHANGELOG.md
index feb57ca66..f7a632e8e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,22 @@
 `psql` with the `-X` flag to prevent any `.psqlrc` commands from
 accidentally triggering the load of a previous DB version.**
 
+## 1.0.0-rc1 (2018-09-12)
+
+This release is our 1.0 release candidate. We expect to only merge bug fixes between now and our final 1.0 release. This is a big milestone for us and signifies our maturity and enterprise readiness.
+
+**PLEASE NOTE** that release candidate (rc) builds will only be made available via GitHub and Docker, and _not_ on other release channels. Please help us test these release candidates out if you can!
+
+
+**Notable commits**
+* [acebaea] Don't start schedulers for template databases.
+* [f221a12] Fix use-after-free bug in telemetry test
+* [2092b2a] Fix unused variable warning in Release build
+* [0dc5bbb] Use pg_config bindir directory for pg executables
+
+**Thanks**
+* @did-g for reporting a use-after-free bug in a test and for improving the robustness of another test
+
 ## 0.12.0 (2018-09-10)
 
 **High-level changes**
diff --git a/CMakeLists.txt b/CMakeLists.txt
index a24091870..6b8235540 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,7 +3,7 @@ include(CheckCCompilerFlag)
 
 configure_file("version.config" "version.config" COPYONLY)
 file(READ version.config VERSION_CONFIG)
-set(VERSION_REGEX "version[\t ]*=[\t ]*([0-9]+\\.[0-9]+\\.*[0-9]*)([-]([a-z]+))*\r?\nupdate_from_version[\t ]*=[\t ]*([0-9]+\\.[0-9]+\\.*[0-9]*)(\r?\n)*$")
+set(VERSION_REGEX "version[\t ]*=[\t ]*([0-9]+\\.[0-9]+\\.*[0-9]*)([-]([a-z]+[0-9]*))*\r?\nupdate_from_version[\t ]*=[\t ]*([0-9]+\\.[0-9]+\\.*[0-9]*)(\r?\n)*$")
 
 if (NOT (${VERSION_CONFIG} MATCHES ${VERSION_REGEX}))
   message(FATAL_ERROR "Cannot read version from version.config")
diff --git a/sql/CMakeLists.txt b/sql/CMakeLists.txt
index 6fcf394e3..5ebb2344d 100644
--- a/sql/CMakeLists.txt
+++ b/sql/CMakeLists.txt
@@ -75,7 +75,7 @@ set(MOD_FILES
   updates/0.10.0--0.10.1.sql
   updates/0.10.1--0.11.0.sql
   updates/0.11.0--0.12.0.sql
-  updates/0.12.0--0.12.1-dev.sql
+  updates/0.12.0--1.0.0-rc1.sql
 )
 
 set(MODULE_PATHNAME "$libdir/timescaledb-${PROJECT_VERSION_MOD}")
@@ -132,7 +132,7 @@ cat_files(
 add_custom_target(sqlfile ALL DEPENDS ${CMAKE_CURRENT_BINARY_DIR}/${INSTALL_FILE})
 
 # Generate the update files used with ALTER EXTENSION <name> UPDATE
-set(MOD_FILE_REGEX "([0-9]+\\.[0-9]+\\.*[0-9]*)--([0-9]+\\.[0-9]+\\.*[0-9]*[-dev]*).sql")
+set(MOD_FILE_REGEX "([0-9]+\\.[0-9]+\\.*[0-9]*)--([0-9]+\\.[0-9]+\\.*[0-9]+[-a-z0-9]*).sql")
 
 # We'd like to process the updates in reverse (descending) order
 set(MOD_FILES_LIST ${MOD_FILES_VERSIONED})
diff --git a/sql/updates/0.12.0--0.12.1-dev.sql b/sql/updates/0.12.0--0.12.1-dev.sql
deleted file mode 100644
index e69de29bb..000000000
diff --git a/version.config b/version.config
index 12d0f5e2f..c7ff71cec 100644
--- a/version.config
+++ b/version.config
@@ -1,2 +1,2 @@
-version = 0.12.1-dev
+version = 1.0.0-rc1
 update_from_version = 0.12.0