diff --git a/Makefile b/Makefile
index e5bff821d..c6dc8804b 100644
--- a/Makefile
+++ b/Makefile
@@ -92,7 +92,7 @@ endif
 export CROSS_COMPILING
 
 ifndef VERSION
-VERSION=1.0.1
+VERSION=1.0.2
 endif
 
 ifndef CLIENTBIN
diff --git a/code/qcommon/qcommon.h b/code/qcommon/qcommon.h
index a3713ee25..85c7616e6 100644
--- a/code/qcommon/qcommon.h
+++ b/code/qcommon/qcommon.h
@@ -39,7 +39,7 @@ Suite 120, Rockville, Maryland 20850 USA.
 
 // Keep this in-sync with VERSION in Makefile.
 #ifndef PRODUCT_VERSION
-	#define PRODUCT_VERSION			"1.0.1"
+	#define PRODUCT_VERSION			"1.0.2"
 #endif
 
 #define Q3_VERSION PRODUCT_NAME " " PRODUCT_VERSION
diff --git a/misc/nsis/Makefile b/misc/nsis/Makefile
index 7714670e5..5555118d7 100644
--- a/misc/nsis/Makefile
+++ b/misc/nsis/Makefile
@@ -2,7 +2,7 @@ ifndef FSNAME
 FSNAME=spearmint
 endif
 ifndef VERSION
-VERSION=1.0.1
+VERSION=1.0.2
 endif
 ifndef RELEASE
 RELEASE=0