diff --git a/README.md b/README.md
index a8f6ce4fb..d61ef8cd3 100644
--- a/README.md
+++ b/README.md
@@ -94,7 +94,7 @@ The API for creating pipelines (and custom elements too) is provided by [membran
 ```
 or to get the newest release candidate
 ```elixir 
-{:membrane_core, "1.2.0-rc0"}
+{:membrane_core, "1.2.0-rc1"}
 ```
 
 **Standalone libraries**
diff --git a/mix.exs b/mix.exs
index 1785a142a..a721df123 100644
--- a/mix.exs
+++ b/mix.exs
@@ -1,7 +1,7 @@
 defmodule Membrane.Mixfile do
   use Mix.Project
 
-  @version "1.2.0-rc0"
+  @version "1.2.0-rc1"
   @source_ref "v#{@version}"
 
   def project do