diff --git a/configure.ac b/configure.ac
index 55ca5b6b8..c64ec5b8a 100644
--- a/configure.ac
+++ b/configure.ac
@@ -24,8 +24,8 @@ m4_define([cogl_version],
 
 dnl Since the core Cogl library has to also maintain support for the
 dnl Cogl 1.x API for Clutter then we track the 1.x version separately.
-m4_define([cogl_1_minor_version], [17])
-m4_define([cogl_1_micro_version], [5])
+m4_define([cogl_1_minor_version], [18])
+m4_define([cogl_1_micro_version], [0])
 m4_define([cogl_1_version], [1.cogl_1_minor_version.cogl_1_micro_version])
 
 dnl ================================================================
@@ -55,9 +55,9 @@ dnl ================================================================
 #
 #  5. If any interfaces have been removed since the last public release,
 #     then set AGE to 0.
-m4_define([cogl_lt_current], 20)
+m4_define([cogl_lt_current], 21)
 m4_define([cogl_lt_revision], 0)
-m4_define([cogl_lt_age], 0)
+m4_define([cogl_lt_age], 1)
 # We do also tell libtool the pretty version:
 m4_define([cogl_lt_release], [cogl_version])
 
@@ -73,7 +73,7 @@ dnl ================================================================
 #
 # Possible status values are: git, snapshot or release
 #
-m4_define([cogl_release_status], [git])
+m4_define([cogl_release_status], [release])
 
 AC_INIT(cogl, [cogl_1_version])
 AC_CONFIG_SRCDIR(cogl/cogl.h)