diff --git a/VERSION_NUMBER b/VERSION_NUMBER
index 8f0916f768..3eefcb9dd5 100644
--- a/VERSION_NUMBER
+++ b/VERSION_NUMBER
@@ -1 +1 @@
-0.5.0
+1.0.0
diff --git a/docs/Versioning.md b/docs/Versioning.md
index 18a43eb712..31dc5687b9 100644
--- a/docs/Versioning.md
+++ b/docs/Versioning.md
@@ -32,6 +32,7 @@ For more details on ONNX Release versions, see [this page](https://github.com/on
 
 | ONNX Runtime release version | ONNX release version | ONNX opset version | ONNX ML opset version | Supported ONNX IR version | [WinML compatibility](https://docs.microsoft.com/en-us/windows/ai/windows-ml/)|
 |------------------------------|--------------------|--------------------|----------------------|------------------|------------------|
+| 1.0.0 | 1.5 | 10 | 1 | 5 | -- |
 | 0.5.0 | 1.5 | 10 | 1 | 5 | -- |
 | 0.4.0 | 1.5 | 10 | 1 | 5 | -- |
 | 0.3.1<br>0.3.0 | 1.4 | 9 | 1 | 3 | -- |
diff --git a/docs/python/README.rst b/docs/python/README.rst
index 029ce83a71..cb62d875aa 100644
--- a/docs/python/README.rst
+++ b/docs/python/README.rst
@@ -8,6 +8,11 @@ For more information on ONNX Runtime, please see `aka.ms/onnxruntime <https://ak
 Changes
 -------
 
+1.0.0
+^^^^^
+
+Release Notes : https://github.com/Microsoft/onnxruntime/releases/tag/v1.0.0
+
 0.5.0
 ^^^^^
 
diff --git a/onnxruntime/__init__.py b/onnxruntime/__init__.py
index 2cdc2a500d..1846404438 100644
--- a/onnxruntime/__init__.py
+++ b/onnxruntime/__init__.py
@@ -6,7 +6,7 @@
 ONNX Runtime is a performance-focused scoring engine for Open Neural Network Exchange (ONNX) models.
 For more information on ONNX Runtime, please see `aka.ms/onnxruntime <https://aka.ms/onnxruntime/>`_ or the `Github project <https://github.com/microsoft/onnxruntime/>`_.
 """
-__version__ = "0.5.0"
+__version__ = "1.0.0"
 __author__ = "Microsoft"
 
 from onnxruntime.capi._pybind_state import get_all_providers, get_available_providers, get_device, RunOptions, SessionOptions, set_default_logger_severity, NodeArg, ModelMetadata, GraphOptimizationLevel, ExecutionMode
diff --git a/package/rpm/onnxruntime.spec b/package/rpm/onnxruntime.spec
index cbf7013ca5..79a2c7010c 100644
--- a/package/rpm/onnxruntime.spec
+++ b/package/rpm/onnxruntime.spec
@@ -1,5 +1,5 @@
 Name:           onnxruntime
-Version:        0.5.0
+Version:        1.0.0
 Release:        1%{?dist}
 Summary:        onnxruntime