diff --git a/CHANGELOG.md b/CHANGELOG.md
index fcf27d05..c94b6c1b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,12 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.0.1-beta.1 (2020-05-29)
+
+This is the first beta release of source controller. This release adds
+support for [excluding files](https://github.com/fluxcd/source-controller/pull/55)
+when packaging artifacts from Git repositories.
+
 ## 0.0.1-alpha.6 (2020-05-06)
 
 This alpha release comes with [improvements](https://github.com/fluxcd/source-controller/pull/52)
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 0453a66b..3b9015c1 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -6,4 +6,4 @@ resources:
 images:
 - name: fluxcd/source-controller
   newName: fluxcd/source-controller
-  newTag: v0.0.1-alpha.6
+  newTag: v0.0.1-beta.1