diff --git a/CMakeLists.txt b/CMakeLists.txt
index b57afcd8ac..788042ca44 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -27,11 +27,10 @@ endif()
 
 project(FreeCAD)
 
-set(PACKAGE_VERSION_NAME "Vulcan")
-set(PACKAGE_VERSION_MAJOR "0")
-set(PACKAGE_VERSION_MINOR "22")
+set(PACKAGE_VERSION_MAJOR "1")
+set(PACKAGE_VERSION_MINOR "0")
 set(PACKAGE_VERSION_PATCH "0") # number of patch release (e.g. "4" for the 0.18.4 release)
-set(PACKAGE_VERSION_SUFFIX "dev") # either "dev" for development snapshot or "" (empty string)
+set(PACKAGE_VERSION_SUFFIX "RC1") # either "dev" for development snapshot or "" (empty string)
 set(PACKAGE_BUILD_VERSION "0") # used when the same FreeCAD version will be re-released (for example using an updated LibPack)
 
 set(PACKAGE_VERSION "${PACKAGE_VERSION_MAJOR}.${PACKAGE_VERSION_MINOR}.${PACKAGE_VERSION_PATCH}")