diff --git a/releases/v1.7.0-rc.toml b/releases/v1.7.0-rc.toml
index 0b72319a3..fb94e14f6 100644
--- a/releases/v1.7.0-rc.toml
+++ b/releases/v1.7.0-rc.toml
@@ -87,9 +87,9 @@ Services are being refactored to allow ttrpc implementations, which can be serve
 * **Remove all gogoproto extensions** ([#6829](https://github.com/containerd/containerd/pull/6829))
 * **Migrate off from github.com/gogo/protobuf** ([#6841](https://github.com/containerd/containerd/pull/6841))
 * **ttrpc streaming** ([ttrpc#107](https://github.com/containerd/ttrpc/pull/107))
-
 * **Add unpack interface for client** ([#6749](https://github.com/containerd/containerd/pull/6749))
 * **Add collectible resources to metadata gc** ([#6804](https://github.com/containerd/containerd/pull/6804))
+* **Add version to shim protocol** ([#8177](https://github.com/containerd/containerd/pull/8177))
 
 ##### Configuration
 
diff --git a/version/version.go b/version/version.go
index f945c04ef..e10232d29 100644
--- a/version/version.go
+++ b/version/version.go
@@ -23,7 +23,7 @@ var (
 	Package = "github.com/containerd/containerd"
 
 	// Version holds the complete version number. Filled in at linking time.
-	Version = "1.7.0-rc.0+unknown"
+	Version = "1.7.0-rc.1+unknown"
 
 	// Revision is filled with the VCS (e.g. git) revision being used to build
 	// the program at linking time.