diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index 7eea99e..a595669 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v1
 name: longhorn
-version: 1.4.0-dev
-appVersion: v1.4.0-dev
+version: 1.5.0-rc1
+appVersion: v1.5.0-rc1
 kubeVersion: ">=1.21.0-0"
 description: Longhorn is a distributed block storage system for Kubernetes.
 keywords:
diff --git a/chart/questions.yaml b/chart/questions.yaml
index 4621d0c..fd86e38 100644
--- a/chart/questions.yaml
+++ b/chart/questions.yaml
@@ -17,7 +17,7 @@ questions:
     label: Longhorn Manager Image Repository
     group: "Longhorn Images Settings"
   - variable: image.longhorn.manager.tag
-    default: master-head
+    default: v1.5.0-rc1
     description: "Specify Longhorn Manager Image Tag"
     type: string
     label: Longhorn Manager Image Tag
@@ -29,7 +29,7 @@ questions:
     label: Longhorn Engine Image Repository
     group: "Longhorn Images Settings"
   - variable: image.longhorn.engine.tag
-    default: master-head
+    default: v1.5.0-rc1
     description: "Specify Longhorn Engine Image Tag"
     type: string
     label: Longhorn Engine Image Tag
@@ -41,7 +41,7 @@ questions:
     label: Longhorn UI Image Repository
     group: "Longhorn Images Settings"
   - variable: image.longhorn.ui.tag
-    default: master-head
+    default: v1.5.0-rc1
     description: "Specify Longhorn UI Image Tag"
     type: string
     label: Longhorn UI Image Tag
@@ -53,7 +53,7 @@ questions:
     label: Longhorn Instance Manager Image Repository
     group: "Longhorn Images Settings"
   - variable: image.longhorn.instanceManager.tag
-    default: v2_20221123
+    default: v1.5.0-rc1
     description: "Specify Longhorn Instance Manager Image Tag"
     type: string
     label: Longhorn Instance Manager Image Tag
@@ -65,7 +65,7 @@ questions:
     label: Longhorn Share Manager Image Repository
     group: "Longhorn Images Settings"
   - variable: image.longhorn.shareManager.tag
-    default: v1_20220914
+    default: v1.5.0-rc1
     description: "Specify Longhorn Share Manager Image Tag"
     type: string
     label: Longhorn Share Manager Image Tag
@@ -77,7 +77,7 @@ questions:
     label: Longhorn Backing Image Manager Image Repository
     group: "Longhorn Images Settings"
   - variable: image.longhorn.backingImageManager.tag
-    default: v3_20220808
+    default: v1.5.0-rc1
     description: "Specify Longhorn Backing Image Manager Image Tag"
     type: string
     label: Longhorn Backing Image Manager Image Tag
diff --git a/chart/values.yaml b/chart/values.yaml
index 6a65e11..6eb913d 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -30,22 +30,22 @@ image:
   longhorn:
     engine:
       repository: longhornio/longhorn-engine
-      tag: master-head
+      tag: v1.5.0-rc1
     manager:
       repository: longhornio/longhorn-manager
-      tag: master-head
+      tag: v1.5.0-rc1
     ui:
       repository: longhornio/longhorn-ui
-      tag: master-head
+      tag: v1.5.0-rc1
     instanceManager:
       repository: longhornio/longhorn-instance-manager
-      tag: master-head
+      tag: v1.5.0-rc1
     shareManager:
       repository: longhornio/longhorn-share-manager
-      tag: master-head
+      tag: v1.5.0-rc1
     backingImageManager:
       repository: longhornio/backing-image-manager
-      tag: master-head
+      tag: v1.5.0-rc1
     supportBundleKit:
       repository: longhornio/support-bundle-kit
       tag: v0.0.24
diff --git a/deploy/longhorn-images.txt b/deploy/longhorn-images.txt
index 687abda..a828cb1 100644
--- a/deploy/longhorn-images.txt
+++ b/deploy/longhorn-images.txt
@@ -4,10 +4,10 @@ longhornio/csi-resizer:v1.7.0
 longhornio/csi-snapshotter:v6.2.1
 longhornio/csi-node-driver-registrar:v2.7.0
 longhornio/livenessprobe:v2.9.0
-longhornio/backing-image-manager:master-head
-longhornio/longhorn-engine:master-head
-longhornio/longhorn-instance-manager:master-head
-longhornio/longhorn-manager:master-head
-longhornio/longhorn-share-manager:master-head
-longhornio/longhorn-ui:master-head
+longhornio/backing-image-manager:v1.5.0-rc1
+longhornio/longhorn-engine:v1.5.0-rc1
+longhornio/longhorn-instance-manager:v1.5.0-rc1
+longhornio/longhorn-manager:v1.5.0-rc1
+longhornio/longhorn-share-manager:v1.5.0-rc1
+longhornio/longhorn-ui:v1.5.0-rc1
 longhornio/support-bundle-kit:v0.0.24
diff --git a/deploy/longhorn.yaml b/deploy/longhorn.yaml
index 3c4d1c3..eb2c446 100644
--- a/deploy/longhorn.yaml
+++ b/deploy/longhorn.yaml
@@ -14,7 +14,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
 ---
 # Source: longhorn/templates/serviceaccount.yaml
 apiVersion: v1
@@ -25,7 +25,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
 ---
 # Source: longhorn/templates/default-setting.yaml
 apiVersion: v1
@@ -36,7 +36,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
 data:
   default-setting.yaml: |-
 ---
@@ -49,7 +49,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
 data:
   storageclass.yaml: |
     kind: StorageClass
@@ -79,7 +79,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: backingimagedatasources.longhorn.io
 spec:
@@ -250,7 +250,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: backingimagemanagers.longhorn.io
 spec:
@@ -426,7 +426,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: backingimages.longhorn.io
 spec:
@@ -585,7 +585,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: backups.longhorn.io
 spec:
@@ -781,7 +781,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: backuptargets.longhorn.io
 spec:
@@ -964,7 +964,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: backupvolumes.longhorn.io
 spec:
@@ -1131,7 +1131,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: engineimages.longhorn.io
 spec:
@@ -1323,7 +1323,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: engines.longhorn.io
 spec:
@@ -1678,7 +1678,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: instancemanagers.longhorn.io
 spec:
@@ -1919,7 +1919,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: nodes.longhorn.io
 spec:
@@ -2163,7 +2163,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: orphans.longhorn.io
 spec:
@@ -2434,7 +2434,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: replicas.longhorn.io
 spec:
@@ -2651,7 +2651,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: settings.longhorn.io
 spec:
@@ -2742,7 +2742,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: sharemanagers.longhorn.io
 spec:
@@ -2857,7 +2857,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: snapshots.longhorn.io
 spec:
@@ -2984,7 +2984,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: supportbundles.longhorn.io
 spec:
@@ -3110,7 +3110,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: systembackups.longhorn.io
 spec:
@@ -3238,7 +3238,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: systemrestores.longhorn.io
 spec:
@@ -3340,7 +3340,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: volumes.longhorn.io
 spec:
@@ -3693,7 +3693,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     longhorn-manager: ""
   name: volumeattachments.longhorn.io
 spec:
@@ -3822,7 +3822,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
 rules:
 - apiGroups:
   - apiextensions.k8s.io
@@ -3888,7 +3888,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
 roleRef:
   apiGroup: rbac.authorization.k8s.io
   kind: ClusterRole
@@ -3906,7 +3906,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
 roleRef:
   apiGroup: rbac.authorization.k8s.io
   kind: ClusterRole
@@ -3923,7 +3923,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     app: longhorn-manager
   name: longhorn-backend
   namespace: longhorn-system
@@ -3944,7 +3944,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     app: longhorn-ui
   name: longhorn-frontend
   namespace: longhorn-system
@@ -3965,7 +3965,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     app: longhorn-conversion-webhook
   name: longhorn-conversion-webhook
   namespace: longhorn-system
@@ -3986,7 +3986,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     app: longhorn-admission-webhook
   name: longhorn-admission-webhook
   namespace: longhorn-system
@@ -4007,7 +4007,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     app: longhorn-recovery-backend
   name: longhorn-recovery-backend
   namespace: longhorn-system
@@ -4028,7 +4028,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
   name: longhorn-engine-manager
   namespace: longhorn-system
 spec:
@@ -4044,7 +4044,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
   name: longhorn-replica-manager
   namespace: longhorn-system
 spec:
@@ -4060,7 +4060,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     app: longhorn-manager
   name: longhorn-manager
   namespace: longhorn-system
@@ -4073,12 +4073,12 @@ spec:
       labels:
         app.kubernetes.io/name: longhorn
         app.kubernetes.io/instance: longhorn
-        app.kubernetes.io/version: v1.4.0-dev
+        app.kubernetes.io/version: v1.5.0-rc1
         app: longhorn-manager
     spec:
       containers:
       - name: longhorn-manager
-        image: longhornio/longhorn-manager:master-head
+        image: longhornio/longhorn-manager:v1.5.0-rc1
         imagePullPolicy: IfNotPresent
         securityContext:
           privileged: true
@@ -4087,17 +4087,17 @@ spec:
         - -d
         - daemon
         - --engine-image
-        - "longhornio/longhorn-engine:master-head"
+        - "longhornio/longhorn-engine:v1.5.0-rc1"
         - --instance-manager-image
-        - "longhornio/longhorn-instance-manager:master-head"
+        - "longhornio/longhorn-instance-manager:v1.5.0-rc1"
         - --share-manager-image
-        - "longhornio/longhorn-share-manager:master-head"
+        - "longhornio/longhorn-share-manager:v1.5.0-rc1"
         - --backing-image-manager-image
-        - "longhornio/backing-image-manager:master-head"
+        - "longhornio/backing-image-manager:v1.5.0-rc1"
         - --support-bundle-manager-image
         - "longhornio/support-bundle-kit:v0.0.24"
         - --manager-image
-        - "longhornio/longhorn-manager:master-head"
+        - "longhornio/longhorn-manager:v1.5.0-rc1"
         - --service-account
         - longhorn-service-account
         ports:
@@ -4165,7 +4165,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
 spec:
   replicas: 1
   selector:
@@ -4176,23 +4176,23 @@ spec:
       labels:
         app.kubernetes.io/name: longhorn
         app.kubernetes.io/instance: longhorn
-        app.kubernetes.io/version: v1.4.0-dev
+        app.kubernetes.io/version: v1.5.0-rc1
         app: longhorn-driver-deployer
     spec:
       initContainers:
         - name: wait-longhorn-manager
-          image: longhornio/longhorn-manager:master-head
+          image: longhornio/longhorn-manager:v1.5.0-rc1
           command: ['sh', '-c', 'while [ $(curl -m 1 -s -o /dev/null -w "%{http_code}" http://longhorn-backend:9500/v1) != "200" ]; do echo waiting; sleep 2; done']
       containers:
         - name: longhorn-driver-deployer
-          image: longhornio/longhorn-manager:master-head
+          image: longhornio/longhorn-manager:v1.5.0-rc1
           imagePullPolicy: IfNotPresent
           command:
           - longhorn-manager
           - -d
           - deploy-driver
           - --manager-image
-          - "longhornio/longhorn-manager:master-head"
+          - "longhornio/longhorn-manager:v1.5.0-rc1"
           - --manager-url
           - http://longhorn-backend:9500/v1
           env:
@@ -4231,7 +4231,7 @@ metadata:
   labels:
     app.kubernetes.io/name: longhorn
     app.kubernetes.io/instance: longhorn
-    app.kubernetes.io/version: v1.4.0-dev
+    app.kubernetes.io/version: v1.5.0-rc1
     app: longhorn-ui
   name: longhorn-ui
   namespace: longhorn-system
@@ -4245,7 +4245,7 @@ spec:
       labels:
         app.kubernetes.io/name: longhorn
         app.kubernetes.io/instance: longhorn
-        app.kubernetes.io/version: v1.4.0-dev
+        app.kubernetes.io/version: v1.5.0-rc1
         app: longhorn-ui
     spec:
       affinity:
@@ -4262,7 +4262,7 @@ spec:
               topologyKey: kubernetes.io/hostname
       containers:
       - name: longhorn-ui
-        image: longhornio/longhorn-ui:master-head
+        image: longhornio/longhorn-ui:v1.5.0-rc1
         imagePullPolicy: IfNotPresent
         volumeMounts:
         - name : nginx-cache
diff --git a/uninstall/uninstall.yaml b/uninstall/uninstall.yaml
index f64beda..544c49b 100644
--- a/uninstall/uninstall.yaml
+++ b/uninstall/uninstall.yaml
@@ -106,7 +106,7 @@ spec:
     spec:
       containers:
         - name: longhorn-uninstall
-          image: longhornio/longhorn-manager:master-head
+          image: longhornio/longhorn-manager:v1.5.0-rc1
           imagePullPolicy: IfNotPresent
           command:
             - longhorn-manager