diff --git a/Marlin/Version.h b/Marlin/Version.h
index 4fd0bed79d..cda86f0246 100644
--- a/Marlin/Version.h
+++ b/Marlin/Version.h
@@ -35,7 +35,7 @@
   /**
    * Marlin release version identifier
    */
-  #define SHORT_BUILD_VERSION "1.1.7"
+  #define SHORT_BUILD_VERSION "1.1.8"
 
   /**
    * Verbose version identifier which should contain a reference to the location
@@ -48,7 +48,7 @@
    * here we define this default string as the date where the latest release
    * version was tagged.
    */
-  #define STRING_DISTRIBUTION_DATE "2017-12-15 12:00"
+  #define STRING_DISTRIBUTION_DATE "2017-12-25 12:00"
 
   /**
    * Required minimum Configuration.h and Configuration_adv.h file versions.
diff --git a/README.md b/README.md
index 00775cee57..36ac706f63 100644
--- a/README.md
+++ b/README.md
@@ -9,7 +9,7 @@ For complete Marlin documentation click over to the [Marlin Homepage <marlinfw.o
 
 ## Stable Release Branch
 
-This Release branch contains the latest tagged version of Marlin (currently 1.1.7 – December 2017).
+This Release branch contains the latest tagged version of Marlin (currently 1.1.8 – December 2017).
 
 Previous releases of Marlin include [1.0.2-2](https://github.com/MarlinFirmware/Marlin/tree/1.0.2-2) (December 2016) and [1.0.1](https://github.com/MarlinFirmware/Marlin/tree/1.0.1) (December 2014). Any version of Marlin prior to 1.0.1 (when we started tagging versions) can be collectively referred to as Marlin 1.0.0.