diff --git a/.gitignore b/.gitignore
index a2ae913..4cbb816 100644
--- a/.gitignore
+++ b/.gitignore
@@ -44,3 +44,4 @@
 /qemu-5.0.0-rc3.tar.xz
 /qemu-5.0.0.tar.xz
 /qemu-5.1.0-rc2.tar.xz
+/qemu-5.1.0-rc3.tar.xz
diff --git a/qemu.spec b/qemu.spec
index 2de3489..4c9bc3b 100644
--- a/qemu.spec
+++ b/qemu.spec
@@ -159,7 +159,7 @@
 %{obsoletes_block_rbd}
 
 # Release candidate version tracking
-%global rcver rc2
+%global rcver rc3
 %if 0%{?rcver:1}
 %global rcrel .%{rcver}
 %global rcstr -%{rcver}
@@ -169,7 +169,7 @@
 Summary: QEMU is a FAST! processor emulator
 Name: qemu
 Version: 5.1.0
-Release: 0.2%{?rcrel}%{?dist}
+Release: 0.3%{?rcrel}%{?dist}
 Epoch: 2
 License: GPLv2 and BSD and MIT and CC-BY
 URL: http://www.qemu.org/
@@ -1895,6 +1895,9 @@ getent passwd qemu >/dev/null || \
 
 
 %changelog
+* Fri Aug 07 2020 Cole Robinson <crobinso@redhat.com> - 5.1.0-0.3.rc3
+- Update to version 5.1.0-rc3
+
 * Thu Aug 06 2020 Merlin Mathesius <mmathesi@redhat.com> - 5.1.0-0.2.rc2
 - Use new %%{kernel_arches} macro to determine when a full kernel is available
 
diff --git a/sources b/sources
index 3ac779c..9a0725e 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (qemu-5.1.0-rc2.tar.xz) = 2cd6b4412c721e8556442e12a52e910fb6223812f8bfe0dd90d0537db1d53aa16c2694bc7f5fb39bafe0e2d88014068dcd15eb361c5dad78771aad32bc8d0430
+SHA512 (qemu-5.1.0-rc3.tar.xz) = 9d7e60a146d1f61be8b772b2ce5e2d2f57a713d1279e4f3434931c3ddd2ac13824a3b250046d1f4af98923f18a1d30745529dc6167e191191b7239c6fa610fcc