diff --git a/README.md b/README.md
index 041233f798..f9442f53a7 100644
--- a/README.md
+++ b/README.md
@@ -16,7 +16,7 @@
 
 Implementation of an Ethereum JSON RPC APIs for Hedera Hashgraph. Utilises both Hedera Consensus Nodes and Mirror nodes
 to support RPC queries as defined in
-the [JSON RPC Specification](https://playground.open-rpc.org/?schemaUrl=https://raw.githubusercontent.com/hashgraph/hedera-json-rpc-relay/main/docs/openrpc.json&uiSchema%5BappBar%5D%5Bui:splitView%5D=false&uiSchema%5BappBar%5D%5Bui:input%5D=false&uiSchema%5BappBar%5D%5Bui:examplesDropdown%5D=false)
+the [JSON RPC Specification](https://playground.open-rpc.org/?schemaUrl=https://raw.githubusercontent.com/hashgraph/hedera-json-rpc-relay/release/0.59/docs/openrpc.json&uiSchema%5BappBar%5D%5Bui:splitView%5D=false&uiSchema%5BappBar%5D%5Bui:input%5D=false&uiSchema%5BappBar%5D%5Bui:examplesDropdown%5D=false)
 
 ## Building
 
diff --git a/charts/hedera-json-rpc-relay-websocket/Chart.yaml b/charts/hedera-json-rpc-relay-websocket/Chart.yaml
index a4f7b84fb0..600e9efaf4 100644
--- a/charts/hedera-json-rpc-relay-websocket/Chart.yaml
+++ b/charts/hedera-json-rpc-relay-websocket/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v2
-appVersion: "0.59.0-SNAPSHOT"
+appVersion: "0.59.0-rc1"
 description: Helm chart deployment of the hashgraph/hedera-json-rpc-relay web socket server
 home: https://github.com/hashgraph/hedera-json-rpc-relay
 icon: https://camo.githubusercontent.com/cca6b767847bb8ca5c7059481ba13a5fc81c5938/68747470733a2f2f7777772e6865646572612e636f6d2f6c6f676f2d6361706974616c2d686261722d776f72646d61726b2e6a7067
@@ -22,4 +22,4 @@ name: hedera-json-rpc-relay-websocket
 sources:
   - https://github.com/hashgraph/hedera-json-rpc-relay
 type: application
-version: 0.59.0-SNAPSHOT
+version: 0.59.0-rc1
diff --git a/charts/hedera-json-rpc-relay/Chart.yaml b/charts/hedera-json-rpc-relay/Chart.yaml
index 832f854dd9..8c14c3085d 100644
--- a/charts/hedera-json-rpc-relay/Chart.yaml
+++ b/charts/hedera-json-rpc-relay/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v2
-appVersion: "0.59.0-SNAPSHOT"
+appVersion: "0.59.0-rc1"
 description: Helm chart deployment of the hashgraph/hedera-json-rpc-relay
 home: https://github.com/hashgraph/hedera-json-rpc-relay
 icon: https://camo.githubusercontent.com/cca6b767847bb8ca5c7059481ba13a5fc81c5938/68747470733a2f2f7777772e6865646572612e636f6d2f6c6f676f2d6361706974616c2d686261722d776f72646d61726b2e6a7067
@@ -21,4 +21,4 @@ name: hedera-json-rpc-relay
 sources:
   - https://github.com/hashgraph/hedera-json-rpc-relay
 type: application
-version: 0.59.0-SNAPSHOT
+version: 0.59.0-rc1
diff --git a/charts/hedera-json-rpc/Chart.yaml b/charts/hedera-json-rpc/Chart.yaml
index 5137fc8476..da4caf12ee 100644
--- a/charts/hedera-json-rpc/Chart.yaml
+++ b/charts/hedera-json-rpc/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v2
-appVersion: "0.59.0-SNAPSHOT"
+appVersion: "0.59.0-rc1"
 dependencies:
   - alias: relay
     condition: relay.enabled
@@ -31,4 +31,4 @@ name: hedera-json-rpc
 sources:
   - https://github.com/hashgraph/hedera-json-rpc-relay
 type: application
-version: 0.59.0-SNAPSHOT
+version: 0.59.0-rc1
diff --git a/docker-compose.yml b/docker-compose.yml
index 3a24562960..17888fefd6 100644
--- a/docker-compose.yml
+++ b/docker-compose.yml
@@ -2,7 +2,7 @@ version: "3.7"
 services:
   relay:
     container_name: hedera-json-rpc-relay
-    image: "ghcr.io/hashgraph/hedera-json-rpc-relay:main"
+    image: "ghcr.io/hashgraph/hedera-json-rpc-relay:0.59.0-rc1"
     restart: "unless-stopped"
     ports:
       - 7546:7546
@@ -12,7 +12,7 @@ services:
       - ./.env:/home/node/app/.env
   relay-ws:
     container_name: hedera-json-rpc-relay-ws
-    image: "ghcr.io/hashgraph/hedera-json-rpc-relay:main"
+    image: "ghcr.io/hashgraph/hedera-json-rpc-relay:0.59.0-rc1"
     command: start:ws
     environment:
       HEALTHCHECK_PORT: 8547
diff --git a/docs/openrpc.json b/docs/openrpc.json
index 013ede224d..eb82ff51cb 100644
--- a/docs/openrpc.json
+++ b/docs/openrpc.json
@@ -3,7 +3,7 @@
   "info": {
     "title": "Hedera JSON-RPC Specification",
     "description": "A specification of the implemented Ethereum JSON RPC APIs interface for Hedera clients and adheres to the Ethereum execution APIs schema.",
-    "version": "0.59.0-SNAPSHOT"
+    "version": "0.59.0-rc1"
   },
   "servers": [
     {
diff --git a/package-lock.json b/package-lock.json
index d571725da2..a6c5de1b98 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -21109,7 +21109,7 @@
     },
     "packages/config-service": {
       "name": "@hashgraph/json-rpc-config-service",
-      "version": "0.59.0-SNAPSHOT",
+      "version": "0.59.0-rc1",
       "dependencies": {
         "dotenv": "^16.4.5",
         "find-config": "^1.0.0",
@@ -21123,7 +21123,7 @@
     },
     "packages/relay": {
       "name": "@hashgraph/json-rpc-relay",
-      "version": "0.59.0-SNAPSHOT",
+      "version": "0.59.0-rc1",
       "dependencies": {
         "@ethersproject/asm": "^5.7.0",
         "@hashgraph/json-rpc-config-service": "file:../config-service",
@@ -21237,7 +21237,7 @@
     },
     "packages/server": {
       "name": "@hashgraph/json-rpc-server",
-      "version": "0.59.0-SNAPSHOT",
+      "version": "0.59.0-rc1",
       "dependencies": {
         "@hashgraph/json-rpc-config-service": "file:../config-service",
         "@hashgraph/json-rpc-relay": "file:../relay",
@@ -21576,7 +21576,7 @@
     },
     "packages/ws-server": {
       "name": "@hashgraph/json-rpc-ws-server",
-      "version": "0.59.0-SNAPSHOT",
+      "version": "0.59.0-rc1",
       "dependencies": {
         "@hashgraph/json-rpc-config-service": "file:../config-service",
         "@hashgraph/json-rpc-relay": "file:../relay",
diff --git a/packages/config-service/package.json b/packages/config-service/package.json
index 34e20da740..75bb7936e6 100644
--- a/packages/config-service/package.json
+++ b/packages/config-service/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@hashgraph/json-rpc-config-service",
-  "version": "0.59.0-SNAPSHOT",
+  "version": "0.59.0-rc1",
   "description": "Hedera Hashgraph singleton implementation of environment variables provider",
   "main": "dist/index.js",
   "keywords": [],
diff --git a/packages/relay/package.json b/packages/relay/package.json
index be0bc50bdb..1c9af1db58 100644
--- a/packages/relay/package.json
+++ b/packages/relay/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@hashgraph/json-rpc-relay",
-  "version": "0.59.0-SNAPSHOT",
+  "version": "0.59.0-rc1",
   "description": "Hedera Hashgraph implementation of Ethereum JSON RPC APIs. Utilises both the Hedera Consensus Nodes and the Mirror Nodes for transaction management and information retrieval",
   "types": "dist/index.d.ts",
   "main": "dist/index.js",
diff --git a/packages/server/package.json b/packages/server/package.json
index 4b05d7bdc2..a522a20407 100644
--- a/packages/server/package.json
+++ b/packages/server/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@hashgraph/json-rpc-server",
-  "version": "0.59.0-SNAPSHOT",
+  "version": "0.59.0-rc1",
   "description": "Hedera Hashgraph Ethereum JSON RPC server. Accepts requests for Ethereum JSON RPC 2.0 APIs",
   "main": "dist/index.js",
   "keywords": [],
diff --git a/packages/ws-server/package.json b/packages/ws-server/package.json
index 3577da639c..56ee1569b8 100644
--- a/packages/ws-server/package.json
+++ b/packages/ws-server/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@hashgraph/json-rpc-ws-server",
-  "version": "0.59.0-SNAPSHOT",
+  "version": "0.59.0-rc1",
   "description": "Hedera Hashgraph Ethereum JSON RPC socket server. Accepts socket connections for the purpose of subscribing to real-time data.",
   "main": "dist/index.js",
   "keywords": [],