diff --git a/Cargo.lock b/Cargo.lock
index 21157be4..fef04be8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -23,7 +23,7 @@ checksum = "c08606f8c3cbf4ce6ec8e28fb0014a2c086708fe954eaa885384a6165172e7e8"
 
 [[package]]
 name = "balloon-hash"
-version = "0.5.0-pre.1"
+version = "0.5.0-rc.0"
 dependencies = [
  "crypto-bigint",
  "digest",
diff --git a/balloon-hash/Cargo.toml b/balloon-hash/Cargo.toml
index 2b1f33b0..f8364819 100644
--- a/balloon-hash/Cargo.toml
+++ b/balloon-hash/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "balloon-hash"
-version = "0.5.0-pre.1"
+version = "0.5.0-rc.0"
 description = "Pure Rust implementation of the Balloon password hashing function"
 authors = ["RustCrypto Developers"]
 license = "MIT OR Apache-2.0"