diff --git a/Cargo.toml b/Cargo.toml
index 1e7b823ec..7a75fb642 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -7,7 +7,7 @@ license = "Apache-2.0 WITH LLVM-exception"
 rust-version = "1.64"
 
 [workspace.package]
-version = "1.0.0-rc.1"
+version = "1.0.0-pre0"
 authors = ["Fermyon Engineering <engineering@fermyon.com>"]
 edition = "2021"
 
diff --git a/templates/Makefile b/templates/Makefile
index 2979799b8..87842b737 100644
--- a/templates/Makefile
+++ b/templates/Makefile
@@ -1,4 +1,4 @@
-SDK_VERSION ?= v1.0.0-rc.1
+SDK_VERSION ?= v1.0.0-pre0
 
 bump-versions: bump-go-versions bump-rust-versions