diff --git a/lib/version.rb b/lib/version.rb
index e35de04db69..a496adb9dbe 100644
--- a/lib/version.rb
+++ b/lib/version.rb
@@ -3,9 +3,9 @@ module Discourse
   unless defined? ::Discourse::VERSION
     module VERSION #:nodoc:
       MAJOR = 1
-      MINOR = 1
+      MINOR = 2
       TINY  = 0
-      PRE   = 'beta8'
+      PRE   = 'beta1'
 
       STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')
     end