diff --git a/CHANGELOG.md b/CHANGELOG.md
index af51847b657..ec9bfcdfbf9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -86,7 +86,7 @@ As of Elixir v1.12, implicitly decreasing ranges are soft-deprecated and warning
 
 Elixir v1.12 has the additional of many functions across the standard library. The `Enum` module received additions such as `Enum.count_until/2`, `Enum.product/1`, `Enum.zip_with/2`, and more. The `Integer` module now includes `Integer.pow/2` and `Integer.extended_gcd/2`. Finally, the `Kernel` module got two new functions, `Kernel.then/2` and `Kernel.tap/2`, which are specially useful in `|>` pipelines.
 
-## v1.12.0-dev
+## v1.12.0 (2021-04-03)
 
 ### 1. Enhancements
 
@@ -197,6 +197,7 @@ Elixir v1.12 has the additional of many functions across the standard library. T
   * [mix test] Ensure protocols within the current project are consolidated when `--cover` is given
   * [mix release] Improve compliance of release scripts with stripped down Linux installations
   * [mix release] Preserve file mode when copying non-beam ebin files
+  * [mix xref] Ensure args are passed to the underlying `mix compile` call
 
 ### 3. Soft-deprecations (no warnings emitted)
 
diff --git a/VERSION b/VERSION
index 5999fbee618..271011bb551 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.12.0-dev
\ No newline at end of file
+1.12.0-rc.0
\ No newline at end of file