diff --git a/README.md b/README.md
index e7c8b1b562f..5b624fbf7ce 100644
--- a/README.md
+++ b/README.md
@@ -32,7 +32,7 @@ First, checkout and install the operator-sdk CLI:
 
 ```sh
 $ cd $GOPATH/src/github.com/coreos/operator-sdk
-$ git checkout tags/v0.0.2
+$ git checkout tags/v0.0.3
 $ dep ensure
 $ go install github.com/coreos/operator-sdk/commands/operator-sdk
 ```
diff --git a/doc/user-guide.md b/doc/user-guide.md
index 4d02ef8417f..6c83f8d0d83 100644
--- a/doc/user-guide.md
+++ b/doc/user-guide.md
@@ -20,7 +20,7 @@ Checkout the desired release tag and install the SDK CLI tool:
 
 ```sh
 $ cd $GOPATH/src/github.com/coreos/operator-sdk
-$ git checkout tags/v0.0.2
+$ git checkout tags/v0.0.3
 $ dep ensure
 $ go install github.com/coreos/operator-sdk/commands/operator-sdk
 ```
diff --git a/pkg/generator/gopkg_tmpls.go b/pkg/generator/gopkg_tmpls.go
index 12cb2511438..7fb50db1796 100644
--- a/pkg/generator/gopkg_tmpls.go
+++ b/pkg/generator/gopkg_tmpls.go
@@ -164,6 +164,6 @@ const gopkgTomlTmpl = `[[override]]
 [[constraint]]
   name = "github.com/coreos/operator-sdk"
   # The version rule is used for a specific release and the master branch for in between releases.
-  branch = "master"
-  # version = "=v0.0.2"
+  # branch = "master"
+  version = "=v0.0.3"
 `
diff --git a/version/version.go b/version/version.go
index 2220b3ce479..92923da48a2 100644
--- a/version/version.go
+++ b/version/version.go
@@ -15,5 +15,5 @@
 package version
 
 var (
-	Version = "0.0.2+git"
+	Version = "0.0.3"
 )