diff --git a/RELEASE.md b/RELEASE.md
new file mode 100644
index 0000000..c83eb84
--- /dev/null
+++ b/RELEASE.md
@@ -0,0 +1,8 @@
+<!--
+SPDX-FileCopyrightText: Contributors to the Shapeshifter project
+SPDX-License-Identifier: Apache-2.0
+-->
+
+This file lists the steps involved with creating a new release of the specification:
+- With each new major version of the specification, we aim to evaluate and include all dependencies that have a major bump as indicated by Dependabot in the new major release of the specification.
+- Determine breaking changes and write a migration