diff --git a/components/micro-gateway-cli/pom.xml b/components/micro-gateway-cli/pom.xml
index fe797e67f5..8320113524 100644
--- a/components/micro-gateway-cli/pom.xml
+++ b/components/micro-gateway-cli/pom.xml
@@ -20,7 +20,7 @@
     <parent>
         <artifactId>components</artifactId>
         <groupId>org.wso2.am.microgw</groupId>
-        <version>3.0.2-SNAPSHOT</version>
+        <version>3.0.1</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
 
diff --git a/components/micro-gateway-core/pom.xml b/components/micro-gateway-core/pom.xml
index 69628d6e0e..4714361d04 100644
--- a/components/micro-gateway-core/pom.xml
+++ b/components/micro-gateway-core/pom.xml
@@ -3,7 +3,7 @@
     <parent>
         <artifactId>components</artifactId>
         <groupId>org.wso2.am.microgw</groupId>
-        <version>3.0.2-SNAPSHOT</version>
+        <version>3.0.1</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/components/micro-gateway-tools/pom.xml b/components/micro-gateway-tools/pom.xml
index d622a2c7cf..8b8e7a2d13 100644
--- a/components/micro-gateway-tools/pom.xml
+++ b/components/micro-gateway-tools/pom.xml
@@ -4,7 +4,7 @@
     <parent>
         <artifactId>components</artifactId>
         <groupId>org.wso2.am.microgw</groupId>
-        <version>3.0.2-SNAPSHOT</version>
+        <version>3.0.1</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/components/pom.xml b/components/pom.xml
index 768ce24652..5f9f0ad56a 100644
--- a/components/pom.xml
+++ b/components/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <groupId>org.wso2.am.microgw</groupId>
         <artifactId>micro-gateway-parent</artifactId>
-        <version>3.0.2-SNAPSHOT</version>
+        <version>3.0.1</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
 
diff --git a/distribution/pom.xml b/distribution/pom.xml
index e465a4d808..29558064e7 100644
--- a/distribution/pom.xml
+++ b/distribution/pom.xml
@@ -22,7 +22,7 @@
     <parent>
         <groupId>org.wso2.am.microgw</groupId>
         <artifactId>micro-gateway-parent</artifactId>
-        <version>3.0.2-SNAPSHOT</version>
+        <version>3.0.1</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
 
diff --git a/pom.xml b/pom.xml
index 85cc049593..63c61058c7 100644
--- a/pom.xml
+++ b/pom.xml
@@ -22,7 +22,7 @@
     <groupId>org.wso2.am.microgw</groupId>
     <artifactId>micro-gateway-parent</artifactId>
     <packaging>pom</packaging>
-    <version>3.0.2-SNAPSHOT</version>
+    <version>3.0.1</version>
     <name>Micro Gateway - Parent</name>
 
     <url>http://wso2.org</url>
@@ -36,7 +36,7 @@
         <url>https://github.com/wso2/product-microgateway.git</url>
         <developerConnection>scm:git:https://github.com/wso2/product-microgateway.git</developerConnection>
         <connection>scm:git:https://github.com/wso2/product-microgateway.git</connection>
-        <tag>HEAD</tag>
+        <tag>v3.0.1-rc1</tag>
     </scm>
 
     <parent>
diff --git a/tests/pom.xml b/tests/pom.xml
index 468714380e..cfbc5870f7 100644
--- a/tests/pom.xml
+++ b/tests/pom.xml
@@ -21,7 +21,7 @@
     <parent>
         <artifactId>micro-gateway-parent</artifactId>
         <groupId>org.wso2.am.microgw</groupId>
-        <version>3.0.2-SNAPSHOT</version>
+        <version>3.0.1</version>
     </parent>
     <modelVersion>4.0.0</modelVersion>