diff --git a/CHANGES b/CHANGES
index 81533552a7..b81e3d7520 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,35 @@
+2023.05-rc1, released May 15th, 2023
+
+	Fixes all over the tree and new features.
+
+	Toolchain:
+	- glibc update to 2.37, uClibc-ng updated to 1.0.43
+	- suppoert 6.2.x / 6.3.x kernel headers
+
+	Infrastucture:
+	- go: Ensure go versions of os/user and net are used for
+          static builds so CGO is not used
+
+	- rust / cargo: Correctly split up rust flags for host and
+          target builds
+
+	New defconfigs: STM32F769 discovery
+
+	New packages: petitboot, python-evdev, python-hwdata,
+	python-pyproject-hooks, shadow
+
+	Removed packages: atk, at-spi2-atk, optee-benchmark,
+	python-pep517
+
+	Issues resolved (http://bugs.uclibc.org):
+
+	#14356: cronstamp jobs are not performed with bumped version of...
+	#15191: pc_x86_64_efi_defconfig doesn't run on real hardware
+	#15306: glibc build fails in Docker container
+	#15321: docker-engine now requires libseccomp by default
+	#15376: Libiconv config
+	#15461: QtVirtualKeyboard segfaults
+
 2023.02.1, released May 9th, 2023
 
 	Important / security related fixes.
diff --git a/Makefile b/Makefile
index 95959daab2..6e094c8b13 100644
--- a/Makefile
+++ b/Makefile
@@ -90,9 +90,9 @@ all:
 .PHONY: all
 
 # Set and export the version string
-export BR2_VERSION := 2023.05-git
+export BR2_VERSION := 2023.05-rc1
 # Actual time the release is cut (for reproducible builds)
-BR2_VERSION_EPOCH = 1678652000
+BR2_VERSION_EPOCH = 1684130000
 
 # Save running make version since it's clobbered by the make package
 RUNNING_MAKE_VERSION := $(MAKE_VERSION)
diff --git a/docs/website/download.html b/docs/website/download.html
index 3cf415de0e..7f43a6f66b 100644
--- a/docs/website/download.html
+++ b/docs/website/download.html
@@ -75,41 +75,41 @@
 	  <p><a href="/downloads/buildroot-2022.11.2.tar.xz.sign">PGP signature</a></p>
 	</div>
       </div>
-
-      <h3 style="text-align: center;">Latest release candidate: <b>2023.02-rc3</b></h3>
+-->
+      <h3 style="text-align: center;">Latest release candidate: <b>2023.05-rc1</b></h3>
       <div class="row mt centered">
 	<div class="col-sm-6">
 	  <div class="flip-container center-block" ontouchstart="this.classList.toggle('hover');">
 	    <div class="flipper">
 	      <div class="front">
-		<a href="/downloads/buildroot-2023.02-rc3.tar.gz"><img src="images/zip.png" width="180" alt=""></a>
+		<a href="/downloads/buildroot-2023.05-rc1.tar.gz"><img src="images/zip.png" width="180" alt=""></a>
 	      </div>
 	      <div class="back">
-		<a href="/downloads/buildroot-2023.02-rc3.tar.gz"><img src="images/zip.png" width="180" alt=""></a>
+		<a href="/downloads/buildroot-2023.05-rc1.tar.gz"><img src="images/zip.png" width="180" alt=""></a>
 	      </div>
 	    </div>
 	  </div>
 
-	  <h3><a href="/downloads/buildroot-2023.02-rc3.tar.gz">buildroot-2023.02-rc3.tar.gz</a></h3>
-	  <p><a href="/downloads/buildroot-2023.02-rc3.tar.gz.sign">PGP signature</a></p>
+	  <h3><a href="/downloads/buildroot-2023.05-rc1.tar.gz">buildroot-2023.05-rc1.tar.gz</a></h3>
+	  <p><a href="/downloads/buildroot-2023.05-rc1.tar.gz.sign">PGP signature</a></p>
 	</div>
 	<div class="col-sm-6">
 	  <div class="flip-container center-block" ontouchstart="this.classList.toggle('hover');">
 	    <div class="flipper">
 	      <div class="front">
-		<a href="/downloads/buildroot-2023.02-rc3.tar.xz"><img src="images/package.png" width="180" alt=""></a>
+		<a href="/downloads/buildroot-2023.05-rc1.tar.xz"><img src="images/package.png" width="180" alt=""></a>
 	      </div>
 	      <div class="back">
-		<a href="/downloads/buildroot-2023.02-rc3.tar.xz"><img src="images/package.png" width="180" alt=""></a>
+		<a href="/downloads/buildroot-2023.05-rc1.tar.xz"><img src="images/package.png" width="180" alt=""></a>
 	      </div>
 	    </div>
 	  </div>
 
-	  <h3><a href="/downloads/buildroot-2023.02-rc3.tar.xz">buildroot-2023.02-rc3.tar.xz</a></h3>
-	  <p><a href="/downloads/buildroot-2023.02-rc3.tar.xz.sign">PGP signature</a></p>
+	  <h3><a href="/downloads/buildroot-2023.05-rc1.tar.xz">buildroot-2023.05-rc1.tar.xz</a></h3>
+	  <p><a href="/downloads/buildroot-2023.05-rc1.tar.xz.sign">PGP signature</a></p>
 	</div>
       </div>
--->
+
       This and earlier releases (and their PGP signatures) can always be downloaded from
       <a href="/downloads/">http://buildroot.net/downloads/</a>.
     </div>
diff --git a/docs/website/news.html b/docs/website/news.html
index a47514735c..92dd469f51 100644
--- a/docs/website/news.html
+++ b/docs/website/news.html
@@ -9,6 +9,27 @@
 <h2>News</h2>
 <ul class="timeline">
 
+  <li>
+    <div class="timeline-badge"><i class="glyphicon glyphicon-thumbs-up"></i></div>
+    <div class="timeline-panel">
+      <div class="timeline-heading">
+	<h4 class="timeline-title">2023.05-rc1 released</h4>
+	<p><small class="text-muted"><i class="glyphicon glyphicon-time"></i>15 May 2023</small></p>
+      </div>
+      <div class="timeline-body">
+	<p>We have a new release candidate! Lots of changes all over the tree, see the
+	  <a href="http://git.buildroot.net/buildroot/plain/CHANGES?id=2023.05-rc1">CHANGES</a>
+	  file for more details.</p>
+
+	<p>Go to the <a href="/downloads/">downloads page</a> to pick up the
+	  <a href="/downloads/buildroot-2023.05-rc1.tar.xz">2023.05-rc1
+	  release</a>, and report any problems found to the
+         <a href="support.html">mailing list</a> or
+         <a href="https://bugs.buildroot.org">bug tracker</a>.</p>
+      </div>
+    </div>
+  </li>
+
   <li class="timeline-inverted">
     <div class="timeline-badge"><i class="glyphicon glyphicon-thumbs-up"></i></div>
     <div class="timeline-panel">