diff --git a/inc/microbit/mpconfigport.h b/inc/microbit/mpconfigport.h
index 22a7db70c..e63345579 100644
--- a/inc/microbit/mpconfigport.h
+++ b/inc/microbit/mpconfigport.h
@@ -164,7 +164,7 @@ void mp_hal_stdout_tx_strn_cooked(const char *str, mp_uint_t len);
 // We need to provide a declaration/definition of alloca()
 #include <alloca.h>
 
-#define MICROBIT_RELEASE "1.0.0"
+#define MICROBIT_RELEASE "1.0.1"
 #define MICROBIT_BOARD_NAME "micro:bit"
 #define MICROPY_HW_BOARD_NAME MICROBIT_BOARD_NAME " v" MICROBIT_RELEASE
 #define MICROPY_HW_MCU_NAME "nRF51822"
diff --git a/module.json b/module.json
index 4d2552f34..5c7514c9a 100644
--- a/module.json
+++ b/module.json
@@ -1,6 +1,6 @@
 {
   "name": "microbit-micropython",
-  "version": "0.5.0",
+  "version": "1.0.1",
   "license": "MIT",
   "description": "MicroPython port to the BBC micro:bit",
   "keywords": ["mbed-classic", "microbit", "runtime", "library", "micropython"],