diff --git a/.github/ISSUE_TEMPLATE/bug_report.md b/.github/ISSUE_TEMPLATE/bug_report.md
index a87a88c..0d859dd 100644
--- a/.github/ISSUE_TEMPLATE/bug_report.md
+++ b/.github/ISSUE_TEMPLATE/bug_report.md
@@ -26,7 +26,7 @@ The full log with the outputted error.
 **Version report (please complete the following information):**
  - Host OS: [e.g. `uname -a`]
  - Docker: [e.g. `docker --version`]
- - Image tag: [e.g. `3004.2`]
+ - Image tag: [e.g. `3005rc1`]
 
 **Additional context**
 Add any other context about the problem here.
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6f0c348..8176013 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,11 +1,12 @@
 # Changelog
 
 This file only reflects the changes that are made in this image.
-Please refer to the [Salt 3004.2 Release Notes](https://docs.saltstack.com/en/latest/topics/releases/3004.2.html)
+Please refer to the [Salt 3005 Release Notes](https://docs.saltstack.com/en/latest/topics/releases/3005.html)
 for the list of changes in SaltStack.
 
-**3004.2_1**
+**3005**
 
+- Upgrade `salt-master` to `3005` *Phosphorus*
 - Change Docker base image to `ubuntu:jammy-20220531`
 - Upgrade Python to version `3.10`
 - Install `python3-pygit2` version `1.6.1` from Ubuntu repositories
diff --git a/Dockerfile b/Dockerfile
index 6861c61..3e0db21 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -5,7 +5,7 @@ ARG VCS_REF
 
 # https://github.com/saltstack/salt/releases
 # NOTE: Review org.label-schema.version label if necessary
-ENV SALT_VERSION="3004.2" \
+ENV SALT_VERSION="3005rc1" \
     PYTHON_VERSION="3.10"
 
 ENV SALT_DOCKER_DIR="/etc/docker-salt" \
diff --git a/README.md b/README.md
index 23135ad..04df47d 100644
--- a/README.md
+++ b/README.md
@@ -7,7 +7,7 @@
 [![Architecture ARM64][arch_arm64_badge]][arch_link]
 [![Architecture ARM/v7][arch_arm_badge]][arch_link]
 
-# Dockerized Salt Master v3004.2 _Silicon_
+# Dockerized Salt Master v3005 _Phosphorus_
 
 Dockerfile to build a [Salt Project](https://saltproject.io) Master image for the Docker opensource container platform.
 
@@ -46,7 +46,7 @@ For other methods to install `salt-master` please refer to the [Official Salt Pr
 Automated builds of the image are available on [Dockerhub](https://hub.docker.com/r/cdalvaro/docker-salt-master/) and is the recommended method of installation.
 
 ```sh
-docker pull cdalvaro/docker-salt-master:3004.2
+docker pull cdalvaro/docker-salt-master:3005rc1
 ```
 
 You can also pull the latest tag which is built from the repository `HEAD`
@@ -593,8 +593,8 @@ Where `salt-service` is one of: `salt-master` os `salt-api` (if `SALT_API_SERVIC
 - https://docs.saltproject.io/en/getstarted/
 - https://docs.saltproject.io/en/latest/contents.html
 
-[saltproject_badge]: https://img.shields.io/badge/Salt-v3004.2-lightgrey.svg?logo=Saltstack
-[saltproject_release_notes]: https://docs.saltproject.io/en/latest/topics/releases/3004.2.html "Salt Project Release Notes"
+[saltproject_badge]: https://img.shields.io/badge/Salt-v3005rc1-lightgrey.svg?logo=Saltstack
+[saltproject_release_notes]: https://docs.saltproject.io/en/latest/topics/releases/3005rc1.html "Salt Project Release Notes"
 [ubuntu_badge]: https://img.shields.io/badge/ubuntu-jammy--20220531-E95420.svg?logo=Ubuntu
 [ubuntu_hub_docker]: https://hub.docker.com/_/ubuntu/ "Ubuntu Image"
 [github_publish_badge]: https://img.shields.io/github/workflow/status/cdalvaro/docker-salt-master/Publish%20Docker%20image?label=build&logo=GitHub&logoColor=%23181717
diff --git a/VERSION b/VERSION
index c15006a..501efb3 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-3004.2
+3005rc1