diff --git a/CHANGELOG.md b/CHANGELOG.md
index 923626d1..8e7920ec 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,40 @@
 
 All notable changes to this project will be documented in this file.
 
+## 1.0.0-rc.1
+
+### :boom: Breaking Change
+
+* [#55](https://github.com/open-telemetry/opentelemetry-js-api/pull/55) chore: move baggage methods in propagation namespace ([@vmarchaud](https://github.com/vmarchaud))
+* [#65](https://github.com/open-telemetry/opentelemetry-js-api/pull/65) chore: remove suppress instrumentation ([@dyladan](https://github.com/dyladan))
+* [#60](https://github.com/open-telemetry/opentelemetry-js-api/pull/60) chore: removing timed event ([@obecny](https://github.com/obecny))
+* [#58](https://github.com/open-telemetry/opentelemetry-js-api/pull/58) chore: use spancontext for link ([@dyladan](https://github.com/dyladan))
+* [#47](https://github.com/open-telemetry/opentelemetry-js-api/pull/47) chore: move span method for context in trace API #40 ([@vmarchaud](https://github.com/vmarchaud))
+* [#45](https://github.com/open-telemetry/opentelemetry-js-api/pull/45) chore: rename `span#context()` to `span#spanContext` ([@dyladan](https://github.com/dyladan))
+* [#43](https://github.com/open-telemetry/opentelemetry-js-api/pull/43) chore: renaming noop span to non recording span ([@obecny](https://github.com/obecny))
+* [#32](https://github.com/open-telemetry/opentelemetry-js-api/pull/32) feat!: return boolean success value from setGlobalXXX methods ([@dyladan](https://github.com/dyladan))
+
+### :rocket: Enhancement
+
+* [#62](https://github.com/open-telemetry/opentelemetry-js-api/pull/62) chore: adding component logger ([@obecny](https://github.com/obecny))
+* [#54](https://github.com/open-telemetry/opentelemetry-js-api/pull/54) feat: add tracer.startActiveSpan() ([@naseemkullah](https://github.com/naseemkullah))
+* [#58](https://github.com/open-telemetry/opentelemetry-js-api/pull/58) chore: use spancontext for link ([@dyladan](https://github.com/dyladan))
+* [#51](https://github.com/open-telemetry/opentelemetry-js-api/pull/51) feat: add function to wrap SpanContext in NonRecordingSpan #49 ([@dyladan](https://github.com/dyladan))
+
+### :memo: Documentation
+
+* [#64](https://github.com/open-telemetry/opentelemetry-js-api/pull/64) chore: document the reason for symbol.for ([@dyladan](https://github.com/dyladan))
+* [#44](https://github.com/open-telemetry/opentelemetry-js-api/pull/44) chore: updating readme headline and fixing links ([@obecny](https://github.com/obecny))
+
+### Committers: 6
+
+* Bartlomiej Obecny ([@obecny](https://github.com/obecny))
+* Daniel Dyla ([@dyladan](https://github.com/dyladan))
+* Gerhard Stöbich ([@Flarna](https://github.com/Flarna))
+* Naseem ([@naseemkullah](https://github.com/naseemkullah))
+* Valentin Marchaud ([@vmarchaud](https://github.com/vmarchaud))
+* t2t2 ([@t2t2](https://github.com/t2t2))
+
 ## 1.0.0-rc.0
 
 ### :memo: Documentation
diff --git a/README.md b/README.md
index d75aa41c..e33e501d 100644
--- a/README.md
+++ b/README.md
@@ -105,7 +105,9 @@ Because the npm installer and node module resolution algorithm could potentially
 
 ## Upgrade Guidelines
 
-### 1.0.0-rc.0 to x
+### 1.0.0-rc.1 to x
+
+### 1.0.0-rc.0 to 1.0.0-rc.1
 
 - Removing `TimedEvent` which was not part of spec
 - `HttpBaggage` renamed to `HttpBaggagePropagator`
diff --git a/package.json b/package.json
index bd1ea0d0..abe3f43e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@opentelemetry/api",
-  "version": "1.0.0-rc.0",
+  "version": "1.0.0-rc.1",
   "description": "Public API for OpenTelemetry",
   "main": "build/src/index.js",
   "module": "build/esm/index.js",
diff --git a/src/version.ts b/src/version.ts
index 04dec95c..c8788d33 100644
--- a/src/version.ts
+++ b/src/version.ts
@@ -15,4 +15,4 @@
  */
 
 // this is autogenerated file, see scripts/version-update.js
-export const VERSION = '1.0.0-rc.0';
+export const VERSION = '1.0.0-rc.1';