diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 000000000..4b5b4a1e6
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,43 @@
+# v1.0.0.RC1 2018-03-02
+
+Initial Release
+
+## Changes Since Last Sprint
+
+* Added find_many_by_ids query.
+* Enforces only persisting arrays - no scalars.
+* Fixes casting edge cases for `Set` and `Array`.
+* Significantly improved documentation
+* Support `Booleans`
+* Support `RDF::Literal`
+* Fix support for `DateTime`.
+* Fix rake tasks leaking out of gem.
+* Extract derivatives/file characterization to
+    [valkyrie-derivatives](https://github.com/samvera-labs/valkyrie-derivatives)
+* ChangeSet shared spec
+* Allow strings as an argument for find_by.
+* Improve development documentation.
+* Throw error on `find_inverse_references_by` for unsaved `resource`.
+
+## Special Thanks to All Contributors:
+
+* [atz](https://github.com/atz)
+* [awead](https://github.com/awead)
+* [barmintor](https://github.com/barmintor)
+* [bmquinn](https://github.com/bmquinn)
+* [cam156](https://github.com/cam156)
+* [carrickr](https://github.com/carrickr)
+* [cbeer](https://github.com/cbeer)
+* [cjcolvar](https://github.com/cjcolvar)
+* [csyversen](https://github.com/csyversen)
+* [dlpierce](https://github.com/dlpierce)
+* [escowles](https://github.com/escowles)
+* [geekscruff](https://github.com/geekscruff)
+* [hackmastera](https://github.com/hackmastera)
+* [jcoyne](https://github.com/jcoyne)
+* [jeremyf](https://github.com/jeremyf)
+* [jgondron](https://github.com/jgondron)
+* [jrgriffiniii](https://github.com/jrgriffiniii)
+* [mbklein](https://github.com/mbklein)
+* [stkenny](https://github.com/stkenny)
+* [tpendragon](https://github.com/tpendragon)
diff --git a/lib/valkyrie/version.rb b/lib/valkyrie/version.rb
index c3913ad24..29c1c7e3a 100644
--- a/lib/valkyrie/version.rb
+++ b/lib/valkyrie/version.rb
@@ -1,4 +1,4 @@
 # frozen_string_literal: true
 module Valkyrie
-  VERSION = "0.1.0"
+  VERSION = "1.0.0.rc1"
 end