diff --git a/packaging/debian/changelog b/packaging/debian/changelog
index c4660136..c038878a 100644
--- a/packaging/debian/changelog
+++ b/packaging/debian/changelog
@@ -1,3 +1,9 @@
+nvidia-container-toolkit (1.8.0~rc.1-1) experimental; urgency=medium
+
+  * Relase toolkit-container images from nvidia-container-toolkit repository
+
+ -- NVIDIA CORPORATION <cudatools@nvidia.com> Fri, 03 Dec 2021 15:06:04 +0100
+
 nvidia-container-toolkit (1.7.0-1) UNRELEASED; urgency=medium
 
   * Promote 1.7.0~rc.1-1 to 1.7.0-1
diff --git a/packaging/rpm/SPECS/nvidia-container-toolkit.spec b/packaging/rpm/SPECS/nvidia-container-toolkit.spec
index dac562f5..bf6cabff 100644
--- a/packaging/rpm/SPECS/nvidia-container-toolkit.spec
+++ b/packaging/rpm/SPECS/nvidia-container-toolkit.spec
@@ -64,6 +64,9 @@ rm -f %{_bindir}/nvidia-container-runtime-hook
 /usr/share/containers/oci/hooks.d/oci-nvidia-hook.json
 
 %changelog
+* Fri Dec 03 2021 NVIDIA CORPORATION <cudatools@nvidia.com> 1.8.0-0.1.rc.1
+- Relase toolkit-container images from nvidia-container-toolkit repository
+
 * Tue Nov 30 2021 NVIDIA CORPORATION <cudatools@nvidia.com> 1.7.0-1
 - Promote 1.7.0~rc.1-1 to 1.7.0-1
 - Bump Golang version to 1.16.4
diff --git a/versions.mk b/versions.mk
index f14ff2c6..ff75c4d7 100644
--- a/versions.mk
+++ b/versions.mk
@@ -13,12 +13,12 @@
 # limitations under the License.
 
 LIB_NAME := nvidia-container-toolkit
-LIB_VERSION := 1.7.0
-LIB_TAG :=
+LIB_VERSION := 1.8.0
+LIB_TAG := rc.1
 
 # Specify the nvidia-docker2 and nvidia-container-runtime package versions
-NVIDIA_DOCKER_VERSION := 2.8.0
-NVIDIA_CONTAINER_RUNTIME_VERSION := 3.7.0
+NVIDIA_DOCKER_VERSION := 2.9.0
+NVIDIA_CONTAINER_RUNTIME_VERSION := 3.8.0
 
 CUDA_VERSION := 11.4.2
 GOLANG_VERSION := 1.16.4