diff --git a/configure.ac b/configure.ac
index c6a30e16..8fa68d52 100644
--- a/configure.ac
+++ b/configure.ac
@@ -13,7 +13,7 @@
 # OR IN CONNECTION WITH THE USE OR PERFORMANCE OF THIS SOFTWARE.
 
 AC_PREREQ(2.57)
-AC_INIT([libuv], [1.0.0-rc2], [https://github.com/joyent/libuv/issues])
+AC_INIT([libuv], [1.0.0-rc3], [https://github.com/joyent/libuv/issues])
 AC_CONFIG_MACRO_DIR([m4])
 m4_include([m4/libuv-extra-automake-flags.m4])
 m4_include([m4/as_case.m4])
diff --git a/include/uv-version.h b/include/uv-version.h
index 2ae3ca70..7f592587 100644
--- a/include/uv-version.h
+++ b/include/uv-version.h
@@ -33,7 +33,7 @@
 #define UV_VERSION_MAJOR 1
 #define UV_VERSION_MINOR 0
 #define UV_VERSION_PATCH 0
-#define UV_VERSION_IS_RELEASE 1
-#define UV_VERSION_SUFFIX "rc2"
+#define UV_VERSION_IS_RELEASE 0
+#define UV_VERSION_SUFFIX "rc3"
 
 #endif /* UV_VERSION_H */