diff --git a/gradle.properties b/gradle.properties
index 5114fe9c505c..043d972e6c7a 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -2,6 +2,6 @@ org.gradle.caching=true
 org.gradle.parallel=true
 org.gradle.jvmargs='-Dfile.encoding=UTF-8'
 org.gradle.workers.max=3
-version=1.2.48-SNAPSHOT
+version=1.2.48
 group=org.ballerinalang
 bootstrappedOn=1.1.0-alpha
diff --git a/misc/testerina/modules/testerina-core/src/main/ballerina/Ballerina.toml b/misc/testerina/modules/testerina-core/src/main/ballerina/Ballerina.toml
index 32cc69cf623d..e2af6812da9b 100644
--- a/misc/testerina/modules/testerina-core/src/main/ballerina/Ballerina.toml
+++ b/misc/testerina/modules/testerina-core/src/main/ballerina/Ballerina.toml
@@ -8,5 +8,5 @@ target = "java8"
     [[platform.libraries]]
         artifactId = "mock"
         version = "0.0.0"
-        path = "./lib/testerina-core-1.2.47.jar"
+        path = "./lib/testerina-core-1.2.48.jar"
         groupId = "ballerina"