diff --git a/CHANGELOG.md b/CHANGELOG.md
index f4fb79a05..1860ef35e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,29 @@
 
 All notable changes to this project are documented in this file.
 
+## 1.0.0-rc.3 (2020-03-23) 
+
+This is a release candidate for Flagger v1.0.0.
+
+The upgrade procedure from 0.x to 1.0 can be found [here](https://docs.flagger.app/dev/upgrade-guide).
+
+#### Features
+
+- Add opt-in finalizers to revert Flagger's mutations on deletion of a canary
+    [#495](https://github.com/weaveworks/flagger/pull/495)
+
+#### Improvements
+
+- e2e: update end-to-end tests to Contour 1.3.0 and Gloo 1.3.14
+    [#519](https://github.com/weaveworks/flagger/pull/519)
+- build: update Kubernetes packages to 1.17.4
+    [#516](https://github.com/weaveworks/flagger/pull/516)
+
+#### Fixes
+
+- Preserve node ports on service reconciliation
+    [#514](https://github.com/weaveworks/flagger/pull/514)
+
 ## 1.0.0-rc.2 (2020-03-19) 
 
 This is a release candidate for Flagger v1.0.0.
diff --git a/artifacts/flagger/deployment.yaml b/artifacts/flagger/deployment.yaml
index 9ad56dffe..8e085b23b 100644
--- a/artifacts/flagger/deployment.yaml
+++ b/artifacts/flagger/deployment.yaml
@@ -22,7 +22,7 @@ spec:
       serviceAccountName: flagger
       containers:
       - name: flagger
-        image: weaveworks/flagger:1.0.0-rc.2
+        image: weaveworks/flagger:1.0.0-rc.3
         imagePullPolicy: IfNotPresent
         ports:
         - name: http
diff --git a/charts/flagger/Chart.yaml b/charts/flagger/Chart.yaml
index 1d5cde171..69348240c 100644
--- a/charts/flagger/Chart.yaml
+++ b/charts/flagger/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v1
 name: flagger
-version: 0.25.0
-appVersion: 1.0.0-rc.2
+version: 0.26.0
+appVersion: 1.0.0-rc.3
 kubeVersion: ">=1.11.0-0"
 engine: gotpl
 description: Flagger is a progressive delivery operator for Kubernetes
diff --git a/charts/flagger/values.yaml b/charts/flagger/values.yaml
index 7261c3f76..8f502041d 100644
--- a/charts/flagger/values.yaml
+++ b/charts/flagger/values.yaml
@@ -2,7 +2,7 @@
 
 image:
   repository: weaveworks/flagger
-  tag: 1.0.0-rc.2
+  tag: 1.0.0-rc.3
   pullPolicy: IfNotPresent
   pullSecret:
 
diff --git a/kustomize/base/flagger/kustomization.yaml b/kustomize/base/flagger/kustomization.yaml
index caca87af4..02f56d92c 100644
--- a/kustomize/base/flagger/kustomization.yaml
+++ b/kustomize/base/flagger/kustomization.yaml
@@ -8,4 +8,4 @@ resources:
   - deployment.yaml
 images:
   - name: weaveworks/flagger
-    newTag: 1.0.0-rc.2
+    newTag: 1.0.0-rc.3
diff --git a/pkg/version/version.go b/pkg/version/version.go
index 59b6eb37b..37f098aa6 100644
--- a/pkg/version/version.go
+++ b/pkg/version/version.go
@@ -1,4 +1,4 @@
 package version
 
-var VERSION = "1.0.0-rc.2"
+var VERSION = "1.0.0-rc.3"
 var REVISION = "unknown"