diff --git a/README.md b/README.md
index 818fd4380..78e02233a 100644
--- a/README.md
+++ b/README.md
@@ -1,4 +1,4 @@
-Zcash 1.0.11
+Zcash 1.0.12-rc1
 =============
 
 What is Zcash?
diff --git a/configure.ac b/configure.ac
index a94e0dbd7..5831cb63f 100644
--- a/configure.ac
+++ b/configure.ac
@@ -2,8 +2,8 @@ dnl require autoconf 2.60 (AS_ECHO/AS_ECHO_N)
 AC_PREREQ([2.60])
 define(_CLIENT_VERSION_MAJOR, 1)
 define(_CLIENT_VERSION_MINOR, 0)
-define(_CLIENT_VERSION_REVISION, 11)
-define(_CLIENT_VERSION_BUILD, 50)
+define(_CLIENT_VERSION_REVISION, 12)
+define(_CLIENT_VERSION_BUILD, 25)
 define(_ZC_BUILD_VAL, m4_if(m4_eval(_CLIENT_VERSION_BUILD < 25), 1, m4_incr(_CLIENT_VERSION_BUILD), m4_eval(_CLIENT_VERSION_BUILD < 50), 1, m4_eval(_CLIENT_VERSION_BUILD - 24), m4_eval(_CLIENT_VERSION_BUILD == 50), 1, , m4_eval(_CLIENT_VERSION_BUILD - 50)))
 define(_CLIENT_VERSION_SUFFIX, m4_if(m4_eval(_CLIENT_VERSION_BUILD < 25), 1, _CLIENT_VERSION_REVISION-beta$1, m4_eval(_CLIENT_VERSION_BUILD < 50), 1, _CLIENT_VERSION_REVISION-rc$1, m4_eval(_CLIENT_VERSION_BUILD == 50), 1, _CLIENT_VERSION_REVISION, _CLIENT_VERSION_REVISION-$1)))
 define(_CLIENT_VERSION_IS_RELEASE, true)
diff --git a/contrib/gitian-descriptors/gitian-linux.yml b/contrib/gitian-descriptors/gitian-linux.yml
index 892de5287..c53211d0f 100644
--- a/contrib/gitian-descriptors/gitian-linux.yml
+++ b/contrib/gitian-descriptors/gitian-linux.yml
@@ -1,5 +1,5 @@
 ---
-name: "zcash-1.0.11"
+name: "zcash-1.0.12-rc1"
 enable_cache: true
 distro: "debian"
 suites:
diff --git a/src/clientversion.h b/src/clientversion.h
index 61813106f..98ab18336 100644
--- a/src/clientversion.h
+++ b/src/clientversion.h
@@ -17,8 +17,8 @@
 //! These need to be macros, as clientversion.cpp's and bitcoin*-res.rc's voodoo requires it
 #define CLIENT_VERSION_MAJOR 1
 #define CLIENT_VERSION_MINOR 0
-#define CLIENT_VERSION_REVISION 11
-#define CLIENT_VERSION_BUILD 50
+#define CLIENT_VERSION_REVISION 12
+#define CLIENT_VERSION_BUILD 25
 
 //! Set to true for release, false for prerelease or test build
 #define CLIENT_VERSION_IS_RELEASE true
diff --git a/src/deprecation.h b/src/deprecation.h
index 78e15380e..19c63bdf2 100644
--- a/src/deprecation.h
+++ b/src/deprecation.h
@@ -8,7 +8,7 @@
 // Deprecation policy:
 // * Shut down 18 weeks' worth of blocks after the estimated release block height.
 // * A warning is shown during the 2 weeks' worth of blocks prior to shut down.
-static const int APPROX_RELEASE_HEIGHT = 167200;
+static const int APPROX_RELEASE_HEIGHT = 189600;
 static const int WEEKS_UNTIL_DEPRECATION = 18;
 static const int DEPRECATION_HEIGHT = APPROX_RELEASE_HEIGHT + (WEEKS_UNTIL_DEPRECATION * 7 * 24 * 24);