diff --git a/buildtools/version.py b/buildtools/version.py
index 43c28318..0e0181cf 100644
--- a/buildtools/version.py
+++ b/buildtools/version.py
@@ -13,6 +13,6 @@
 
 VER_MAJOR        = 3      # The first three must match wxWidgets
 VER_MINOR        = 0
-VER_RELEASE      = 0
+VER_RELEASE      = 1
 VER_SUBREL       = 0      # wxPython release num for x.y.z release of wxWidgets
 VER_FLAGS        = ""     # release flags, such as prerelease or RC num, etc.