diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 418b49e9957..b5c8da729e3 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.39.0"
+  ".": "1.0.0-beta.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9b9e3ba76b5..338640ea6f0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,27 @@
 # Changelog
 
+## [1.0.0-beta.0](https://github.com/noir-lang/noir/compare/v0.39.0...v1.0.0-beta.0) (2024-11-22)
+
+
+### Features
+
+* Avoid incrementing reference counts in some cases ([#6568](https://github.com/noir-lang/noir/issues/6568)) ([01c4a9f](https://github.com/noir-lang/noir/commit/01c4a9fb62ffe2190c73f0d5b12933d2eb8f6b5d))
+* **ssa:** Loop invariant code motion ([#6563](https://github.com/noir-lang/noir/issues/6563)) ([7216f08](https://github.com/noir-lang/noir/commit/7216f0829dcece948d3243471e6d57380522e997))
+* Trait aliases ([#6431](https://github.com/noir-lang/noir/issues/6431)) ([68c32b4](https://github.com/noir-lang/noir/commit/68c32b4ffd9b069fe4b119327dbf4018c17ab9d4))
+* Try to inline brillig calls with all constant arguments  ([#6548](https://github.com/noir-lang/noir/issues/6548)) ([e4c66b9](https://github.com/noir-lang/noir/commit/e4c66b91d42b20d17837fe5e7c32c9a83b6ab354))
+
+
+### Bug Fixes
+
+* Consider prereleases to be compatible with pre-1.0.0 releases ([#6580](https://github.com/noir-lang/noir/issues/6580)) ([013e200](https://github.com/noir-lang/noir/commit/013e2000f1d7e7346b5cac0427732d545f501444))
+* Correct type when simplifying `derive_pedersen_generators` ([#6579](https://github.com/noir-lang/noir/issues/6579)) ([efa5cc4](https://github.com/noir-lang/noir/commit/efa5cc4bf173b0ce49f47b1954165a2bdb276792))
+* Remove `compiler_version` from new `Nargo.toml` ([#6590](https://github.com/noir-lang/noir/issues/6590)) ([df8f2ee](https://github.com/noir-lang/noir/commit/df8f2eee5c27d3cd4b6128056afdd9bd4a0322fe))
+
+
+### Miscellaneous Chores
+
+* Switch to 1.0.0-beta versioning ([#6503](https://github.com/noir-lang/noir/issues/6503)) ([44e7dc1](https://github.com/noir-lang/noir/commit/44e7dc1037b047db866af675cd8caa0fc8aee324))
+
 ## [0.39.0](https://github.com/noir-lang/noir/compare/v0.38.0...v0.39.0) (2024-11-19)
 
 
diff --git a/Cargo.toml b/Cargo.toml
index 1bfcb99e14e..74de4fa411e 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -40,7 +40,7 @@ resolver = "2"
 
 [workspace.package]
 # x-release-please-start-version
-version = "0.39.0"
+version = "1.0.0-beta.0"
 # x-release-please-end
 authors = ["The Noir Team <team@noir-lang.org>"]
 edition = "2021"
diff --git a/acvm-repo/acir/Cargo.toml b/acvm-repo/acir/Cargo.toml
index c0f8040580b..1f2ad1fb787 100644
--- a/acvm-repo/acir/Cargo.toml
+++ b/acvm-repo/acir/Cargo.toml
@@ -2,7 +2,7 @@
 name = "acir"
 description = "ACIR is the IR that the VM processes, it is analogous to LLVM IR"
 # x-release-please-start-version
-version = "0.55.0"
+version = "1.0.0-beta.0"
 # x-release-please-end
 authors.workspace = true
 edition.workspace = true
diff --git a/acvm-repo/acir_field/Cargo.toml b/acvm-repo/acir_field/Cargo.toml
index 98250e05a2d..039aefe355e 100644
--- a/acvm-repo/acir_field/Cargo.toml
+++ b/acvm-repo/acir_field/Cargo.toml
@@ -2,7 +2,7 @@
 name = "acir_field"
 description = "The field implementation being used by ACIR."
 # x-release-please-start-version
-version = "0.55.0"
+version = "1.0.0-beta.0"
 # x-release-please-end
 authors.workspace = true
 edition.workspace = true
diff --git a/acvm-repo/acvm/Cargo.toml b/acvm-repo/acvm/Cargo.toml
index 5d1bf5e8fee..6ebfed27a32 100644
--- a/acvm-repo/acvm/Cargo.toml
+++ b/acvm-repo/acvm/Cargo.toml
@@ -2,7 +2,7 @@
 name = "acvm"
 description = "The virtual machine that processes ACIR given a backend/proof system."
 # x-release-please-start-version
-version = "0.55.0"
+version = "1.0.0-beta.0"
 # x-release-please-end
 authors.workspace = true
 edition.workspace = true
diff --git a/acvm-repo/acvm_js/Cargo.toml b/acvm-repo/acvm_js/Cargo.toml
index 92934846f7b..bd536817428 100644
--- a/acvm-repo/acvm_js/Cargo.toml
+++ b/acvm-repo/acvm_js/Cargo.toml
@@ -2,7 +2,7 @@
 name = "acvm_js"
 description = "Typescript wrapper around the ACVM allowing execution of ACIR code"
 # x-release-please-start-version
-version = "0.55.0"
+version = "1.0.0-beta.0"
 # x-release-please-end
 authors.workspace = true
 edition.workspace = true
diff --git a/acvm-repo/acvm_js/package.json b/acvm-repo/acvm_js/package.json
index bfe408c3d97..904263b5e27 100644
--- a/acvm-repo/acvm_js/package.json
+++ b/acvm-repo/acvm_js/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@noir-lang/acvm_js",
-  "version": "0.55.0",
+  "version": "1.0.0-beta.0",
   "publishConfig": {
     "access": "public"
   },
diff --git a/acvm-repo/blackbox_solver/Cargo.toml b/acvm-repo/blackbox_solver/Cargo.toml
index 3c2efa10f4b..fe3a938c503 100644
--- a/acvm-repo/blackbox_solver/Cargo.toml
+++ b/acvm-repo/blackbox_solver/Cargo.toml
@@ -2,7 +2,7 @@
 name = "acvm_blackbox_solver"
 description = "A solver for the blackbox functions found in ACIR and Brillig"
 # x-release-please-start-version
-version = "0.55.0"
+version = "1.0.0-beta.0"
 # x-release-please-end
 authors.workspace = true
 edition.workspace = true
diff --git a/acvm-repo/bn254_blackbox_solver/Cargo.toml b/acvm-repo/bn254_blackbox_solver/Cargo.toml
index ebbee196d7b..8829692b9b4 100644
--- a/acvm-repo/bn254_blackbox_solver/Cargo.toml
+++ b/acvm-repo/bn254_blackbox_solver/Cargo.toml
@@ -2,7 +2,7 @@
 name = "bn254_blackbox_solver"
 description = "Solvers for black box functions which are specific for the bn254 curve"
 # x-release-please-start-version
-version = "0.55.0"
+version = "1.0.0-beta.0"
 # x-release-please-end
 authors.workspace = true
 edition.workspace = true
diff --git a/acvm-repo/brillig/Cargo.toml b/acvm-repo/brillig/Cargo.toml
index c574de37ced..9cc724f2b11 100644
--- a/acvm-repo/brillig/Cargo.toml
+++ b/acvm-repo/brillig/Cargo.toml
@@ -2,7 +2,7 @@
 name = "brillig"
 description = "Brillig is the bytecode ACIR uses for non-determinism."
 # x-release-please-start-version
-version = "0.55.0"
+version = "1.0.0-beta.0"
 # x-release-please-end
 authors.workspace = true
 edition.workspace = true
diff --git a/acvm-repo/brillig_vm/Cargo.toml b/acvm-repo/brillig_vm/Cargo.toml
index ff35496afed..8225244f9a7 100644
--- a/acvm-repo/brillig_vm/Cargo.toml
+++ b/acvm-repo/brillig_vm/Cargo.toml
@@ -2,7 +2,7 @@
 name = "brillig_vm"
 description = "The virtual machine that processes Brillig bytecode, used to introduce non-determinism to the ACVM"
 # x-release-please-start-version
-version = "0.55.0"
+version = "1.0.0-beta.0"
 # x-release-please-end
 authors.workspace = true
 edition.workspace = true
diff --git a/compiler/wasm/package.json b/compiler/wasm/package.json
index 8528d4b9633..946ba8dc699 100644
--- a/compiler/wasm/package.json
+++ b/compiler/wasm/package.json
@@ -3,7 +3,7 @@
   "contributors": [
     "The Noir Team <team@noir-lang.org>"
   ],
-  "version": "0.39.0",
+  "version": "1.0.0-beta.0",
   "license": "(MIT OR Apache-2.0)",
   "main": "dist/main.js",
   "types": "./dist/types/src/index.d.cts",
diff --git a/tooling/noir_codegen/package.json b/tooling/noir_codegen/package.json
index 3530a0ed6f4..c96ecd22230 100644
--- a/tooling/noir_codegen/package.json
+++ b/tooling/noir_codegen/package.json
@@ -3,7 +3,7 @@
   "contributors": [
     "The Noir Team <team@noir-lang.org>"
   ],
-  "version": "0.39.0",
+  "version": "1.0.0-beta.0",
   "packageManager": "yarn@3.5.1",
   "license": "(MIT OR Apache-2.0)",
   "type": "module",
diff --git a/tooling/noir_js/package.json b/tooling/noir_js/package.json
index 8c1c52af8f0..0f0e111c30b 100644
--- a/tooling/noir_js/package.json
+++ b/tooling/noir_js/package.json
@@ -3,7 +3,7 @@
   "contributors": [
     "The Noir Team <team@noir-lang.org>"
   ],
-  "version": "0.39.0",
+  "version": "1.0.0-beta.0",
   "packageManager": "yarn@3.5.1",
   "license": "(MIT OR Apache-2.0)",
   "type": "module",
diff --git a/tooling/noir_js_types/package.json b/tooling/noir_js_types/package.json
index 2196bc08249..17e9efc7678 100644
--- a/tooling/noir_js_types/package.json
+++ b/tooling/noir_js_types/package.json
@@ -4,7 +4,7 @@
     "The Noir Team <team@noir-lang.org>"
   ],
   "packageManager": "yarn@3.5.1",
-  "version": "0.39.0",
+  "version": "1.0.0-beta.0",
   "license": "(MIT OR Apache-2.0)",
   "homepage": "https://noir-lang.org/",
   "repository": {
diff --git a/tooling/noirc_abi_wasm/package.json b/tooling/noirc_abi_wasm/package.json
index 5f92ada116e..9194714454d 100644
--- a/tooling/noirc_abi_wasm/package.json
+++ b/tooling/noirc_abi_wasm/package.json
@@ -3,7 +3,7 @@
   "contributors": [
     "The Noir Team <team@noir-lang.org>"
   ],
-  "version": "0.39.0",
+  "version": "1.0.0-beta.0",
   "license": "(MIT OR Apache-2.0)",
   "homepage": "https://noir-lang.org/",
   "repository": {