diff --git a/Build/build.ps1 b/Build/build.ps1
index 7ee97565..333c8681 100644
--- a/Build/build.ps1
+++ b/Build/build.ps1
@@ -1,7 +1,7 @@
 properties { 
-  $zipFileName = "JsonSchema30r15.zip"
+  $zipFileName = "JsonSchema30r16.zip"
   $majorVersion = "3.0"
-  $majorWithReleaseVersion = "3.0.15"
+  $majorWithReleaseVersion = "3.0.16"
   $nugetPrerelease = $null
   $version = GetVersion $majorWithReleaseVersion
   $packageId = "Newtonsoft.Json.Schema"
diff --git a/Build/version.json b/Build/version.json
index 776da5a7..4ac39dfc 100644
--- a/Build/version.json
+++ b/Build/version.json
@@ -1,6 +1,6 @@
 {
   "Major": 3,
-  "Release": 15,
-  "Prerelease": null,
+  "Release": 16,
+  "Prerelease": "beta1",
   "Assembly": null
 }
\ No newline at end of file