diff --git a/Makefile b/Makefile
index c4cf089da..0a469f9f1 100644
--- a/Makefile
+++ b/Makefile
@@ -13,9 +13,9 @@ DOCKER_LOGIN_ENABLED ?= true
 NAME = Talos
 
 ARTIFACTS := _out
-TOOLS ?= ghcr.io/siderolabs/tools:v1.1.0
-PKGS ?= v1.1.0-1-gdc21e30
-EXTRAS ?= v1.1.0
+TOOLS ?= ghcr.io/siderolabs/tools:v1.2.0-alpha.0
+PKGS ?= v1.2.0-alpha.0-1-g4d47830
+EXTRAS ?= v1.2.0-alpha.0
 GO_VERSION ?= 1.18
 GOIMPORTS_VERSION ?= v0.1.10
 GOFUMPT_VERSION ?= v0.3.0
diff --git a/hack/release.toml b/hack/release.toml
index 794c8709c..0da953b21 100644
--- a/hack/release.toml
+++ b/hack/release.toml
@@ -31,7 +31,7 @@ Talos now enables the Raspberry Pi PoE fan control by pulling in the poe overlay
 * runc: 1.1.2
 * CoreDNS: v1.9.3
 
-Talos is built with Go 1.18.2
+Talos is built with Go 1.18.3
 """
 
     [notes.eudev]
diff --git a/pkg/machinery/constants/constants.go b/pkg/machinery/constants/constants.go
index 9577f4fae..52e34ca7f 100644
--- a/pkg/machinery/constants/constants.go
+++ b/pkg/machinery/constants/constants.go
@@ -665,7 +665,7 @@ const (
 	DBusClientSocketPath = "/run/dbus/system_bus_socket"
 
 	// GoVersion is the version of Go compiler this release was built with.
-	GoVersion = "go1.18.2"
+	GoVersion = "go1.18.3"
 )
 
 // See https://linux.die.net/man/3/klogctl
diff --git a/pkg/machinery/gendata/data/extras b/pkg/machinery/gendata/data/extras
index 992977ad2..0e85aaf08 100644
--- a/pkg/machinery/gendata/data/extras
+++ b/pkg/machinery/gendata/data/extras
@@ -1 +1 @@
-v1.1.0
\ No newline at end of file
+v1.2.0-alpha.0
\ No newline at end of file
diff --git a/pkg/machinery/gendata/data/pkgs b/pkg/machinery/gendata/data/pkgs
index c1a4d8ed9..a154730d7 100644
--- a/pkg/machinery/gendata/data/pkgs
+++ b/pkg/machinery/gendata/data/pkgs
@@ -1 +1 @@
-v1.1.0-1-gdc21e30
\ No newline at end of file
+v1.2.0-alpha.0-1-g4d47830
\ No newline at end of file