diff --git a/Cargo.lock b/Cargo.lock
index 75e30eb5e1..bac4a3d077 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5147,7 +5147,7 @@ dependencies = [
 
 [[package]]
 name = "tari_app_grpc"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "argon2",
  "base64 0.13.1",
@@ -5171,7 +5171,7 @@ dependencies = [
 
 [[package]]
 name = "tari_app_utilities"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "clap 3.2.23",
  "futures 0.3.26",
@@ -5189,7 +5189,7 @@ dependencies = [
 
 [[package]]
 name = "tari_base_node"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -5282,7 +5282,7 @@ dependencies = [
 
 [[package]]
 name = "tari_common"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "anyhow",
  "blake2 0.9.2",
@@ -5308,7 +5308,7 @@ dependencies = [
 
 [[package]]
 name = "tari_common_sqlite"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "diesel",
  "log",
@@ -5317,7 +5317,7 @@ dependencies = [
 
 [[package]]
 name = "tari_common_types"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "borsh",
  "digest 0.9.0",
@@ -5334,7 +5334,7 @@ dependencies = [
 
 [[package]]
 name = "tari_comms"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -5383,7 +5383,7 @@ dependencies = [
 
 [[package]]
 name = "tari_comms_dht"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "anyhow",
  "bitflags 1.3.2",
@@ -5427,7 +5427,7 @@ dependencies = [
 
 [[package]]
 name = "tari_comms_rpc_macros"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "futures 0.3.26",
  "proc-macro2",
@@ -5442,7 +5442,7 @@ dependencies = [
 
 [[package]]
 name = "tari_console_wallet"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "bitflags 1.3.2",
  "chrono",
@@ -5489,7 +5489,7 @@ dependencies = [
 
 [[package]]
 name = "tari_core"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "bincode",
  "bitflags 1.3.2",
@@ -5627,7 +5627,7 @@ dependencies = [
 
 [[package]]
 name = "tari_key_manager"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "argon2",
  "blake2 0.9.2",
@@ -5670,7 +5670,7 @@ dependencies = [
 
 [[package]]
 name = "tari_merge_mining_proxy"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "anyhow",
  "bincode",
@@ -5719,7 +5719,7 @@ dependencies = [
 
 [[package]]
 name = "tari_miner"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "base64 0.13.1",
  "borsh",
@@ -5754,7 +5754,7 @@ dependencies = [
 
 [[package]]
 name = "tari_mining_helper_ffi"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "borsh",
  "hex",
@@ -5770,7 +5770,7 @@ dependencies = [
 
 [[package]]
 name = "tari_mmr"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "bincode",
  "blake2 0.9.2",
@@ -5789,7 +5789,7 @@ dependencies = [
 
 [[package]]
 name = "tari_p2p"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "anyhow",
  "clap 2.34.0",
@@ -5843,7 +5843,7 @@ dependencies = [
 
 [[package]]
 name = "tari_service_framework"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -5860,7 +5860,7 @@ dependencies = [
 
 [[package]]
 name = "tari_shutdown"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "futures 0.3.26",
  "tokio",
@@ -5868,7 +5868,7 @@ dependencies = [
 
 [[package]]
 name = "tari_storage"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "bincode",
  "lmdb-zero",
@@ -5881,7 +5881,7 @@ dependencies = [
 
 [[package]]
 name = "tari_test_utils"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "futures 0.3.26",
  "futures-test",
@@ -5911,7 +5911,7 @@ dependencies = [
 
 [[package]]
 name = "tari_wallet"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "argon2",
  "async-trait",
@@ -5960,7 +5960,7 @@ dependencies = [
 
 [[package]]
 name = "tari_wallet_ffi"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 dependencies = [
  "borsh",
  "cbindgen 0.24.3",
diff --git a/applications/tari_app_grpc/Cargo.toml b/applications/tari_app_grpc/Cargo.toml
index 6b97c6fa7d..545d921fcb 100644
--- a/applications/tari_app_grpc/Cargo.toml
+++ b/applications/tari_app_grpc/Cargo.toml
@@ -4,7 +4,7 @@ authors = ["The Tari Development Community"]
 description = "This crate is to provide a single source for all cross application grpc files and conversions to and from tari::core"
 repository = "https://github.com/tari-project/tari"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [dependencies]
diff --git a/applications/tari_app_utilities/Cargo.toml b/applications/tari_app_utilities/Cargo.toml
index 87b20228e8..83a815286d 100644
--- a/applications/tari_app_utilities/Cargo.toml
+++ b/applications/tari_app_utilities/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "tari_app_utilities"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 authors = ["The Tari Development Community"]
 edition = "2018"
 license = "BSD-3-Clause"
diff --git a/applications/tari_base_node/Cargo.toml b/applications/tari_base_node/Cargo.toml
index 735a4510a1..2ab8081622 100644
--- a/applications/tari_base_node/Cargo.toml
+++ b/applications/tari_base_node/Cargo.toml
@@ -4,7 +4,7 @@ authors = ["The Tari Development Community"]
 description = "The tari full base node implementation"
 repository = "https://github.com/tari-project/tari"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [dependencies]
diff --git a/applications/tari_console_wallet/Cargo.toml b/applications/tari_console_wallet/Cargo.toml
index 2c8770695a..d63db447ab 100644
--- a/applications/tari_console_wallet/Cargo.toml
+++ b/applications/tari_console_wallet/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "tari_console_wallet"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 authors = ["The Tari Development Community"]
 edition = "2018"
 license = "BSD-3-Clause"
diff --git a/applications/tari_merge_mining_proxy/Cargo.toml b/applications/tari_merge_mining_proxy/Cargo.toml
index fcd4f75363..b2c557b547 100644
--- a/applications/tari_merge_mining_proxy/Cargo.toml
+++ b/applications/tari_merge_mining_proxy/Cargo.toml
@@ -4,7 +4,7 @@ authors = ["The Tari Development Community"]
 description = "The Tari merge mining proxy for xmrig"
 repository = "https://github.com/tari-project/tari"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [features]
diff --git a/applications/tari_miner/Cargo.toml b/applications/tari_miner/Cargo.toml
index 5e0aacd88c..b0a3b8e0f7 100644
--- a/applications/tari_miner/Cargo.toml
+++ b/applications/tari_miner/Cargo.toml
@@ -4,7 +4,7 @@ authors = ["The Tari Development Community"]
 description = "The tari miner implementation"
 repository = "https://github.com/tari-project/tari"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [dependencies]
diff --git a/base_layer/common_types/Cargo.toml b/base_layer/common_types/Cargo.toml
index 0744a317e7..469b407658 100644
--- a/base_layer/common_types/Cargo.toml
+++ b/base_layer/common_types/Cargo.toml
@@ -3,7 +3,7 @@ name = "tari_common_types"
 authors = ["The Tari Development Community"]
 description = "Tari cryptocurrency common types"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [dependencies]
diff --git a/base_layer/core/Cargo.toml b/base_layer/core/Cargo.toml
index 432ab3bb54..8ed6f07c73 100644
--- a/base_layer/core/Cargo.toml
+++ b/base_layer/core/Cargo.toml
@@ -6,7 +6,7 @@ repository = "https://github.com/tari-project/tari"
 homepage = "https://tari.com"
 readme = "README.md"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [features]
diff --git a/base_layer/key_manager/Cargo.toml b/base_layer/key_manager/Cargo.toml
index 3841120b34..ae0af7bed7 100644
--- a/base_layer/key_manager/Cargo.toml
+++ b/base_layer/key_manager/Cargo.toml
@@ -4,7 +4,7 @@ authors = ["The Tari Development Community"]
 description = "Tari cryptocurrency wallet key management"
 repository = "https://github.com/tari-project/tari"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2021"
 
 [lib]
diff --git a/base_layer/mmr/Cargo.toml b/base_layer/mmr/Cargo.toml
index f7b94a2ad3..7d2d08c341 100644
--- a/base_layer/mmr/Cargo.toml
+++ b/base_layer/mmr/Cargo.toml
@@ -4,7 +4,7 @@ authors = ["The Tari Development Community"]
 description = "A Merkle Mountain Range implementation"
 repository = "https://github.com/tari-project/tari"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [features]
diff --git a/base_layer/p2p/Cargo.toml b/base_layer/p2p/Cargo.toml
index 044f102ea6..5a547ef5d7 100644
--- a/base_layer/p2p/Cargo.toml
+++ b/base_layer/p2p/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "tari_p2p"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 authors = ["The Tari Development community"]
 description = "Tari base layer-specific peer-to-peer communication features"
 repository = "https://github.com/tari-project/tari"
diff --git a/base_layer/service_framework/Cargo.toml b/base_layer/service_framework/Cargo.toml
index 98a1c81991..11dbdcd2d8 100644
--- a/base_layer/service_framework/Cargo.toml
+++ b/base_layer/service_framework/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "tari_service_framework"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 authors = ["The Tari Development Community"]
 description = "The Tari communication stack service framework"
 repository = "https://github.com/tari-project/tari"
diff --git a/base_layer/tari_mining_helper_ffi/Cargo.toml b/base_layer/tari_mining_helper_ffi/Cargo.toml
index 6c98f67088..5eb9595bce 100644
--- a/base_layer/tari_mining_helper_ffi/Cargo.toml
+++ b/base_layer/tari_mining_helper_ffi/Cargo.toml
@@ -3,7 +3,7 @@ name = "tari_mining_helper_ffi"
 authors = ["The Tari Development Community"]
 description = "Tari cryptocurrency miningcore C FFI bindings"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [dependencies]
diff --git a/base_layer/wallet/Cargo.toml b/base_layer/wallet/Cargo.toml
index 50acb92c02..7332919213 100644
--- a/base_layer/wallet/Cargo.toml
+++ b/base_layer/wallet/Cargo.toml
@@ -3,7 +3,7 @@ name = "tari_wallet"
 authors = ["The Tari Development Community"]
 description = "Tari cryptocurrency wallet library"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [dependencies]
diff --git a/base_layer/wallet_ffi/Cargo.toml b/base_layer/wallet_ffi/Cargo.toml
index bebd8861f6..8d4fe20d86 100644
--- a/base_layer/wallet_ffi/Cargo.toml
+++ b/base_layer/wallet_ffi/Cargo.toml
@@ -3,7 +3,7 @@ name = "tari_wallet_ffi"
 authors = ["The Tari Development Community"]
 description = "Tari cryptocurrency wallet C FFI bindings"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [dependencies]
diff --git a/changelog.md b/changelog.md
index d224377f31..24d195052d 100644
--- a/changelog.md
+++ b/changelog.md
@@ -2,6 +2,15 @@
 
 All notable changes to this project will be documented in this file. See [standard-version](https://github.com/conventional-changelog/standard-version) for commit guidelines.
 
+## [0.48.0-pre.1](https://github.com/tari-project/tari/compare/v0.48.0-pre.0...v0.48.0-pre.1) (2023-03-08)
+
+
+### Bug Fixes
+
+* **comms:** dial if connection is not connected ([#5223](https://github.com/tari-project/tari/issues/5223)) ([0a060b6](https://github.com/tari-project/tari/commit/0a060b6827247a5772d04dde477f0494019bad89))
+* export error types for balance merkle tree ([#5229](https://github.com/tari-project/tari/issues/5229)) ([9db0501](https://github.com/tari-project/tari/commit/9db0501af3b464f430e889e21dc889ea736886ea))
+* fix compile error using decimal-rs 0.1.42 ([#5228](https://github.com/tari-project/tari/issues/5228)) ([6edbb1c](https://github.com/tari-project/tari/commit/6edbb1c8745593e41dd24585c9f8d399a96fff51))
+
 ## [0.48.0-pre.0](https://github.com/tari-project/tari/compare/v0.47.0-pre.0...v0.48.0-pre.0) (2023-03-07)
 
 
diff --git a/common/Cargo.toml b/common/Cargo.toml
index 5ba2e0170b..6c94782855 100644
--- a/common/Cargo.toml
+++ b/common/Cargo.toml
@@ -6,7 +6,7 @@ repository = "https://github.com/tari-project/tari"
 homepage = "https://tari.com"
 readme = "README.md"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [features]
diff --git a/common_sqlite/Cargo.toml b/common_sqlite/Cargo.toml
index 0c4b406251..6b048cc293 100644
--- a/common_sqlite/Cargo.toml
+++ b/common_sqlite/Cargo.toml
@@ -3,7 +3,7 @@ name = "tari_common_sqlite"
 authors = ["The Tari Development Community"]
 description = "Tari cryptocurrency wallet library"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
diff --git a/comms/core/Cargo.toml b/comms/core/Cargo.toml
index 416a80c860..e42f39cffc 100644
--- a/comms/core/Cargo.toml
+++ b/comms/core/Cargo.toml
@@ -6,7 +6,7 @@ repository = "https://github.com/tari-project/tari"
 homepage = "https://tari.com"
 readme = "README.md"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [dependencies]
diff --git a/comms/dht/Cargo.toml b/comms/dht/Cargo.toml
index 90a277283b..f27bef67f5 100644
--- a/comms/dht/Cargo.toml
+++ b/comms/dht/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "tari_comms_dht"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 authors = ["The Tari Development Community"]
 description = "Tari comms DHT module"
 repository = "https://github.com/tari-project/tari"
diff --git a/comms/rpc_macros/Cargo.toml b/comms/rpc_macros/Cargo.toml
index 403d9a0f03..848464e75a 100644
--- a/comms/rpc_macros/Cargo.toml
+++ b/comms/rpc_macros/Cargo.toml
@@ -6,7 +6,7 @@ repository = "https://github.com/tari-project/tari"
 homepage = "https://tari.com"
 readme = "README.md"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [lib]
diff --git a/infrastructure/derive/Cargo.toml b/infrastructure/derive/Cargo.toml
index f84e564749..a23853c00f 100644
--- a/infrastructure/derive/Cargo.toml
+++ b/infrastructure/derive/Cargo.toml
@@ -6,7 +6,7 @@ repository = "https://github.com/tari-project/tari"
 homepage = "https://tari.com"
 readme = "README.md"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [lib]
diff --git a/infrastructure/shutdown/Cargo.toml b/infrastructure/shutdown/Cargo.toml
index 2a4493cb6d..7408b36013 100644
--- a/infrastructure/shutdown/Cargo.toml
+++ b/infrastructure/shutdown/Cargo.toml
@@ -6,7 +6,7 @@ repository = "https://github.com/tari-project/tari"
 homepage = "https://tari.com"
 readme = "README.md"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
diff --git a/infrastructure/storage/Cargo.toml b/infrastructure/storage/Cargo.toml
index 6b5f2f3597..12f7e9dc50 100644
--- a/infrastructure/storage/Cargo.toml
+++ b/infrastructure/storage/Cargo.toml
@@ -6,7 +6,7 @@ repository = "https://github.com/tari-project/tari"
 homepage = "https://tari.com"
 readme = "README.md"
 license = "BSD-3-Clause"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 edition = "2018"
 
 [dependencies]
diff --git a/infrastructure/test_utils/Cargo.toml b/infrastructure/test_utils/Cargo.toml
index c200c8f16c..cb73720799 100644
--- a/infrastructure/test_utils/Cargo.toml
+++ b/infrastructure/test_utils/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "tari_test_utils"
 description = "Utility functions used in Tari test functions"
-version = "0.48.0-pre.0"
+version = "0.48.0-pre.1"
 authors = ["The Tari Development Community"]
 edition = "2018"
 license = "BSD-3-Clause"
diff --git a/package-lock.json b/package-lock.json
index bfd037ae00..82106c5d00 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "tari",
-  "version": "0.48.0-pre.0",
+  "version": "0.48.0-pre.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {}