diff --git a/src/Makefile.am b/src/Makefile.am
index 8009c76..27fce6d 100644
--- a/src/Makefile.am
+++ b/src/Makefile.am
@@ -1,7 +1,7 @@
 # This is _NOT_ the library release version, it's an API version.
 # Please read Chapter 6 "Library interface versions" of the libtool
 # documentation before making any modification
-LIBVERSION=1:0:0
+LIBVERSION=1:1:0
 
 AM_CPPFLAGS = $(all_includes) -I$(top_srcdir)/include/asn1c
 AM_CFLAGS = -fPIC -Wall $(LIBTALLOC_CFLAGS)