diff --git a/package.yaml b/package.yaml
index f5bb8786ea..16c3f71004 100644
--- a/package.yaml
+++ b/package.yaml
@@ -1,5 +1,5 @@
 name: purescript
-version: '0.11.7'
+version: '0.12.0-rc1'
 synopsis: PureScript Programming Language Compiler
 description: A small strongly, statically typed programming language with expressive
   types, inspired by Haskell and compiling to JavaScript.