diff --git a/CHANGES.txt b/CHANGES.txt
index 9cbc9ee1c..2d4ff1acc 100644
--- a/CHANGES.txt
+++ b/CHANGES.txt
@@ -1,5 +1,13 @@
 ===============================================================================
-                               Changes in 1.0
+                               Changes in 1.0b1
+===============================================================================
+
+- Fixed missing some global state initialization
+- Fixed bugs related to newer Perl versions
+- Updated the embedded Argobots version
+
+===============================================================================
+                               Changes in 1.0a1
 ===============================================================================
 
 # The first release of BOLT, which uses Argobots as a threading layer.
diff --git a/autogen.sh b/autogen.sh
index ec12112f8..5c23e290c 100755
--- a/autogen.sh
+++ b/autogen.sh
@@ -47,7 +47,7 @@ echo_n() {
 ########################################################################
 
 # Update the below when releasing a new version
-BOLT_VERSION=1.0a1
+BOLT_VERSION=1.0b1
 
 # Produce a numeric version assuming the following format:
 # Version: [MAJ].[MIN].[REV][EXT][EXT_NUMBER]