diff --git a/.github/workflows/release.yml b/.github/workflows/release.yml
index 63f3ee7e8..2a517e5f8 100644
--- a/.github/workflows/release.yml
+++ b/.github/workflows/release.yml
@@ -9,7 +9,7 @@ env:
   GODOT_VERSION_MAC: 3.5.2
   RASPBERRY_PI_BUILDS_VERSION: 1.15.0
   EXPORT_NAME: Pixelorama
-  TAG: v0.11.3
+  TAG: v0.11.4
   BUTLER_API_KEY: ${{ secrets.BUTLER_API_KEY }}
 
 jobs:
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 39b8106df..faaa311d5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -30,6 +30,7 @@ Built using Godot 3.5.2
 - The ellipse tool no longer produces gaps with large sizes. [4f3a7a305a264e0d2fe86c201af76eca4b2fea0a](https://github.com/Orama-Interactive/Pixelorama/commit/4f3a7a305a264e0d2fe86c201af76eca4b2fea0a)
 - Fix "visible layers" option on the export dialog producing wrong results. [346d1f071a8c6b1defb1072d39aea9c642f1ef59](https://github.com/Orama-Interactive/Pixelorama/commit/346d1f071a8c6b1defb1072d39aea9c642f1ef59)
 - Random brushes now work again. [1317e40ffa5e9f01a9d214221bb5133db20a1de9](https://github.com/Orama-Interactive/Pixelorama/commit/1317e40ffa5e9f01a9d214221bb5133db20a1de9)
+- The gizmo in the rotation image effect dialog is now accurately following the mouse.
 
 ## [v0.11.3] - 2023-10-30
 This update has been brought to you by the contributions of:
diff --git a/export_presets.cfg b/export_presets.cfg
index c1e773dd7..cb65e2e95 100644
--- a/export_presets.cfg
+++ b/export_presets.cfg
@@ -33,8 +33,8 @@ codesign/description=""
 codesign/custom_options=PoolStringArray(  )
 application/modify_resources=true
 application/icon="res://assets/graphics/icons/icon.ico"
-application/file_version="0.11.3.0"
-application/product_version="0.11.3.0"
+application/file_version="0.11.4.0"
+application/product_version="0.11.4.0"
 application/company_name="Orama Interactive"
 application/product_name="Pixelorama"
 application/file_description="Pixelorama - Your free & open-source sprite editor"
@@ -89,8 +89,8 @@ application/icon="res://assets/graphics/icons/icon.icns"
 application/identifier="com.orama-interactive.pixelorama"
 application/signature=""
 application/app_category="Graphics-design"
-application/short_version="0.11.3"
-application/version="0.11.3"
+application/short_version="0.11.4"
+application/version="0.11.4"
 application/copyright="Orama Interactive and contributors 2019-present"
 display/high_res=true
 privacy/microphone_usage_description=""
@@ -210,8 +210,8 @@ codesign/description=""
 codesign/custom_options=PoolStringArray(  )
 application/modify_resources=true
 application/icon="res://assets/graphics/icons/icon.ico"
-application/file_version="0.11.3.0"
-application/product_version="0.11.3.0"
+application/file_version="0.11.4.0"
+application/product_version="0.11.4.0"
 application/company_name="Orama Interactive"
 application/product_name="Pixelorama"
 application/file_description="Pixelorama - Your free & open-source sprite editor"
diff --git a/installer/pixelorama.nsi b/installer/pixelorama.nsi
index d0df58d00..f5161be13 100644
--- a/installer/pixelorama.nsi
+++ b/installer/pixelorama.nsi
@@ -6,7 +6,7 @@
 ; Helper variables so that we don't change 20 instances of the version for every update
 
   !define APPNAME "Pixelorama"
-  !define APPVERSION "v0.11.3"
+  !define APPVERSION "v0.11.4"
   !define COMPANYNAME "Orama Interactive"
 
 
diff --git a/project.godot b/project.godot
index 2aac1d8e6..c46693967 100644
--- a/project.godot
+++ b/project.godot
@@ -343,7 +343,7 @@ config/icon="res://assets/graphics/icons/icon.png"
 config/macos_native_icon="res://assets/graphics/icons/icon.icns"
 config/windows_native_icon="res://assets/graphics/icons/icon.ico"
 config/custom_user_dir_name.X11="pixelorama"
-config/Version="v0.11.4-dev"
+config/Version="v0.11.4-rc1"
 config/ExtensionsAPI_Version=3
 config/Pxo_Version=2