diff --git a/CHANGELOG.md b/CHANGELOG.md
index 83f50049..6c1c176a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 # Changelog
 
+## 7.0.4 beta 1
+
+* Add support for MC 1.16. Dropped support for previous versions.
+* Add respawn-anchors flag mirroring the sleep flag (e.g. to prevent using respawn anchors to cause explosions in the overworld)
+
 ## 7.0.3
 
 * This is the last release supporting MC 1.14 and 1.15.
diff --git a/gradle.properties b/gradle.properties
index 261b4370..750bed52 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,2 +1,2 @@
 group=com.sk89q.worldguard
-version=7.0.4-SNAPSHOT
+version=7.0.4-beta1