diff --git a/CHANGELOG.md b/CHANGELOG.md
index e0d5272a0..ef5b9ac1b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+## 2.34.0-rc.1 / 2022-03-08
+
+* [ENHANCEMENT] HTTP SD: Add a failure counter. #10372
+* [BUGFIX] Parser: Specify type in metadata parser errors. #10269
+* [BUGFIX] Scrape: Fix label limit changes not applying. #10370
+
 ## 2.34.0-rc.0 / 2022-02-24
 
 * [CHANGE] UI: Classic UI removed. #10208
diff --git a/VERSION b/VERSION
index 30b7b9fa0..62f91b470 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.34.0-rc.0
+2.34.0-rc.1