diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 55786d553..b03c74fcd 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.0.0rc1
+current_version = 1.0.0rc2
 parse = (?P<major>\d+)
 	\.(?P<minor>\d+)
 	\.(?P<patch>\d+)
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9fc9e2e40..814bcc1c4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 ## dbt-redshift 1.0.0 (Release TBD)
 
+## dbt-redshift 1.0.0rc2 (November 24, 2021)
+
 ### Under the hood
 - Add optional Redshift parameter to create tables with BACKUP NO set, to exclude them from snapshots. ([#18](https://github.com/dbt-labs/dbt-redshift/issues/18), [#42](https://github.com/dbt-labs/dbt-redshift/pull/42))
 
diff --git a/dbt/adapters/redshift/__version__.py b/dbt/adapters/redshift/__version__.py
index 2c69af52f..a3f4934fd 100644
--- a/dbt/adapters/redshift/__version__.py
+++ b/dbt/adapters/redshift/__version__.py
@@ -1 +1 @@
-version = '1.0.0rc1'
+version = '1.0.0rc2'