diff --git a/README.md b/README.md
index b2dd36cebcf..97a5c8b44c8 100644
--- a/README.md
+++ b/README.md
@@ -87,23 +87,23 @@ You can also download the PowerShell binary archives for Windows, macOS and Linu
 [rl-arm64]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0/powershell-7.0.0-linux-arm64.tar.gz
 [rl-snap]: https://snapcraft.io/powershell
 
-[pv-windows-64]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/PowerShell-7.0.0-rc.3-win-x64.msi
-[pv-windows-86]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/PowerShell-7.0.0-rc.3-win-x86.msi
-[pv-ubuntu18]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-preview_7.0.0-rc.3-1.ubuntu.18.04_amd64.deb
-[pv-ubuntu16]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-preview_7.0.0-rc.3-1.ubuntu.16.04_amd64.deb
-[pv-debian9]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-preview_7.0.0-rc.3-1.debian.9_amd64.deb
-[pv-debian10]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-preview_7.0.0-rc.3-1.debian.10_amd64.deb
-[pv-centos]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-preview-7.0.0_rc.3-1.rhel.7.x86_64.rpm
-[pv-centos8]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-preview-7.0.0_rc.3-1.centos.8.x86_64.rpm
-[pv-macos]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-7.0.0-rc.3-osx-x64.pkg
-[pv-winarm]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/PowerShell-7.0.0-rc.3-win-arm32.zip
-[pv-winarm64]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/PowerShell-7.0.0-rc.3-win-arm64.zip
-[pv-winx86-zip]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/PowerShell-7.0.0-rc.3-win-x86.zip
-[pv-winx64-zip]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/PowerShell-7.0.0-rc.3-win-x64.zip
-[pv-macos-tar]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-7.0.0-rc.3-osx-x64.tar.gz
-[pv-linux-tar]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-7.0.0-rc.3-linux-x64.tar.gz
-[pv-arm32]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-7.0.0-rc.3-linux-arm32.tar.gz
-[pv-arm64]: https://github.com/PowerShell/PowerShell/releases/download/v7.0.0-rc.3/powershell-7.0.0-rc.3-linux-arm64.tar.gz
+[pv-windows-64]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/PowerShell-7.1.0-preview.1-win-x64.msi
+[pv-windows-86]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/PowerShell-7.1.0-preview.1-win-x86.msi
+[pv-ubuntu18]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-preview_7.1.0-preview.1-1.ubuntu.18.04_amd64.deb
+[pv-ubuntu16]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-preview_7.1.0-preview.1-1.ubuntu.16.04_amd64.deb
+[pv-debian9]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-preview_7.1.0-preview.1-1.debian.9_amd64.deb
+[pv-debian10]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-preview_7.1.0-preview.1-1.debian.10_amd64.deb
+[pv-centos]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-preview-7.1.0_preview.1-1.rhel.7.x86_64.rpm
+[pv-centos8]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-preview-7.1.0_preview.1-1.centos.8.x86_64.rpm
+[pv-macos]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-7.1.0-preview.1-osx-x64.pkg
+[pv-winarm]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/PowerShell-7.1.0-preview.1-win-arm32.zip
+[pv-winarm64]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/PowerShell-7.1.0-preview.1-win-arm64.zip
+[pv-winx86-zip]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/PowerShell-7.1.0-preview.1-win-x86.zip
+[pv-winx64-zip]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/PowerShell-7.1.0-preview.1-win-x64.zip
+[pv-macos-tar]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-7.1.0-preview.1-osx-x64.tar.gz
+[pv-linux-tar]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-7.1.0-preview.1-linux-x64.tar.gz
+[pv-arm32]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-7.1.0-preview.1-linux-arm32.tar.gz
+[pv-arm64]: https://github.com/PowerShell/PowerShell/releases/download/v7.1.0-preview.1/powershell-7.1.0-preview.1-linux-arm64.tar.gz
 [pv-snap]: https://snapcraft.io/powershell-preview
 
 [in-windows]: https://docs.microsoft.com/powershell/scripting/install/installing-powershell-core-on-windows?view=powershell-7
diff --git a/test/powershell/Host/PSVersionTable.Tests.ps1 b/test/powershell/Host/PSVersionTable.Tests.ps1
index 5bba07d981a..2ef9fb30a23 100644
--- a/test/powershell/Host/PSVersionTable.Tests.ps1
+++ b/test/powershell/Host/PSVersionTable.Tests.ps1
@@ -23,7 +23,7 @@ Describe "PSVersionTable" -Tags "CI" {
             $unexpectectGitCommitIdPattern = $fullVersionPattern
         }
 
-        $powerShellVersions = "1.0", "2.0", "3.0", "4.0", "5.0", "5.1", "6.0", "6.1", "6.2", "7.0"
+        $powerShellVersions = "1.0", "2.0", "3.0", "4.0", "5.0", "5.1", "6.0", "6.1", "6.2", "7.0", "7.1"
         $powerShellCompatibleVersions = $PSVersionTable.PSCompatibleVersions |
             ForEach-Object {$_.ToString(2).SubString(0,3)}
     }
diff --git a/test/powershell/Language/Scripting/Requires.Tests.ps1 b/test/powershell/Language/Scripting/Requires.Tests.ps1
index 4930a2dfa77..ed3180ffbc1 100644
--- a/test/powershell/Language/Scripting/Requires.Tests.ps1
+++ b/test/powershell/Language/Scripting/Requires.Tests.ps1
@@ -41,7 +41,7 @@ Describe "Requires tests" -Tags "CI" {
         BeforeAll {
             $currentVersion = $PSVersionTable.PSVersion
 
-            $powerShellVersions = "1.0", "2.0", "3.0", "4.0", "5.0", "5.1", "6.0", "6.1", "6.2", "7.0"
+            $powerShellVersions = "1.0", "2.0", "3.0", "4.0", "5.0", "5.1", "6.0", "6.1", "6.2", "7.0", "7.1"
             $latestVersion = [version]($powerShellVersions | Sort-Object -Descending -Top 1)
             $nonExistingMinor = "$($latestVersion.Major).$($latestVersion.Minor + 1)"
             $nonExistingMajor = "$($latestVersion.Major + 1).0"
diff --git a/tools/metadata.json b/tools/metadata.json
index 4ecb01aca98..11756d05e2b 100644
--- a/tools/metadata.json
+++ b/tools/metadata.json
@@ -1,9 +1,9 @@
 {
   "StableReleaseTag": "v7.0.0",
-  "PreviewReleaseTag": "v7.0.0-rc.3",
+  "PreviewReleaseTag": "v7.1.0-preview.1",
   "ServicingReleaseTag": "v6.2.4",
   "ReleaseTag": "v7.0.0",
   "LTSReleaseTag" : ["v7.0.0"],
-  "NextReleaseTag": "v7.0.0-preview.7",
+  "NextReleaseTag": "v7.1.0-preview.2",
   "LTSRelease": false
 }