diff --git a/gradle.properties b/gradle.properties
index 9f27632..99387ed 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -14,28 +14,28 @@
 
 group=org.ballerinalang
 version=0.1.8-SNAPSHOT
-ballerinaLangVersion=2.0.0-alpha9-20210429-232900-7e5ce4cf
+ballerinaLangVersion=2.0.0-beta.1-20210506-022400-d44e7336
 org.gradle.caching=true
 org.gradle.parallel=true
 org.gradle.jvmargs='-Dfile.encoding=UTF-8'
 org.gradle.workers.max=3
 
 # Ballerina Module Dependecy Versions
-stdlibHttpVersion=1.1.0-alpha9-20210430-141500-a1cdf47
-stdlibIoVersion=0.6.0-alpha9-20210430-123800-34bccda
-stdlibRegexVersion=0.7.0-alpha9-20210430-123700-5f0c68e
-stdlibOsVersion=0.8.0-alpha9-20210430-124800-e768a20
-stdlibTimeVersion=2.0.0-alpha10-20210430-123800-1a0da14
-stdlibTaskVersion=2.0.0-alpha10-20210430-125200-f508328
-stdlibFileVersion=0.7.0-alpha9-20210430-130200-63ea83f
-stdlibCryptoVersion=1.1.0-alpha9-20210430-124300-5653d58
-stdlibLogVersion=1.1.0-alpha9-20210430-124900-a0d80bb
-stdlibMimeVersion=1.1.0-alpha9-20210430-130800-9719754
-stdlibCacheVersion=2.1.0-alpha9-20210430-130200-b24b29a
-stdlibAuthVersion=1.1.0-alpha9-20210430-131600-7e89eb3
-stdlibJwtVersion=1.1.0-alpha9-20210430-131900-6ead3ea
-stdlibOAuth2Version=1.1.0-alpha9-20210430-132100-e21b858
-stdlibUuidVersion=0.10.0-alpha9-20210430-130700-e39dde6
+stdlibHttpVersion=1.1.0-beta.1-20210506-045900-a540f8f
+stdlibIoVersion=0.6.0-beta.1-20210506-035400-36fc9a4
+stdlibRegexVersion=0.7.0-beta.1-20210506-035300-1e84af5
+stdlibOsVersion=0.8.0-beta.1-20210506-035900-718136c
+stdlibTimeVersion=2.0.0-beta.1-20210506-035300-ce965cf
+stdlibTaskVersion=2.0.0-beta.1-20210506-040400-7f017af
+stdlibFileVersion=0.7.0-beta.1-20210506-041300-5e740ac
+stdlibCryptoVersion=1.1.0-beta.1-20210506-035900-6d42d06
+stdlibLogVersion=1.1.0-beta.1-20210506-040100-a2fe3c6
+stdlibMimeVersion=1.1.0-beta.1-20210506-041300-aa6e427
+stdlibCacheVersion=2.1.0-beta.1-20210506-041300-373968c
+stdlibAuthVersion=1.1.0-beta.1-20210506-042100-643032e
+stdlibJwtVersion=1.1.0-beta.1-20210506-042200-e0449f8
+stdlibOAuth2Version=1.1.0-beta.1-20210506-042500-94a6b2e
+stdlibUuidVersion=0.10.0-beta.1-20210506-041300-c81f207
 
 # Test Dependency Versions
 testngVersion=6.14.3