diff --git a/VERSION b/VERSION
index e6a7aa94..cc3f899b 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.99.2.pre
+0.99.3.pre
diff --git a/middleman.gemspec b/middleman.gemspec
index 0757a097..fd50a80c 100644
--- a/middleman.gemspec
+++ b/middleman.gemspec
@@ -5,7 +5,7 @@
 
 Gem::Specification.new do |s|
   s.name = %q{middleman}
-  s.version = "0.99.2.pre"
+  s.version = "0.99.3.pre"
 
   s.required_rubygems_version = Gem::Requirement.new("> 1.3.1") if s.respond_to? :required_rubygems_version=
   s.authors = ["Thomas Reynolds"]