diff --git a/.gitignore b/.gitignore
index 5566c5f..e3bdb45 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1 @@
-/python-quantumclient-2012.1.tar.gz
+/python-quantumclient-2012.2~f1.tar.gz
diff --git a/python-quantumclient.spec b/python-quantumclient.spec
index 1db739d..b0eb29a 100644
--- a/python-quantumclient.spec
+++ b/python-quantumclient.spec
@@ -1,10 +1,10 @@
 #
-# This is 2012.1 essex final release
+# This is 2012.2 folsom milestone 1
 #
 
 Name:       python-quantumclient
-Version:    2012.1
-Release:    1%{?dist}
+Version:    2012.2
+Release:    0.1.f1%{?dist}
 Summary:    Python API and CLI for OpenStack Quantum
 
 Group:      Development/Languages
@@ -12,15 +12,7 @@ License:    ASL 2.0
 URL:        https://github.com/openstack/python-quantumclient
 BuildArch:  noarch
 
-Source0:    https://launchpad.net/quantum/essex/2012.1/+download/python-quantumclient-2012.1.tar.gz
-
-# Previously python-quantum owned /usr/lib/python/site-package/quantum
-# Newer versions will require this package. Users will have to upgrade
-# both simultaneously.
-Conflicts:  python-quantum <= 2011.3
-
-Requires:   python-gflags
-Requires:   python-paste-deploy
+Source0:    https://launchpad.net/quantum/folsom/folsom-1/+download/python-quantumclient-%{version}~f1.tar.gz
 
 BuildRequires: python2-devel
 BuildRequires: python-setuptools
@@ -39,17 +31,20 @@ Quantum's API.
 %{__python} setup.py install -O1 --skip-build --root %{buildroot}
 
 # Remove unused files
-rm -rf %{buildroot}%{python_sitelib}/quantum/client/tests
+rm -rf %{buildroot}%{python_sitelib}/quantumclient/tests
 
 %files
 %doc LICENSE
 %doc README
 %{_bindir}/quantum
-%{python_sitelib}/quantum
+%{python_sitelib}/quantumclient
 %{python_sitelib}/*.egg-info
 
 
 %changelog
+* Mon Jun 18 2012 Robert Kukura <rkukura@redhat.com> - 2012.2-0.1.f1
+- Update to folsom milestone 1
+
 * Mon Apr  9 2012 Robert Kukura <rkukura@redhat.com> - 2012.1-1
 - Update to essex final release
 
diff --git a/sources b/sources
index 5b2a9b3..4f8b6f0 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-a5dc5896cedd78383e7dbc690a8c4617  python-quantumclient-2012.1.tar.gz
+0fd4da6af36739850e6f8c2a2821fc74  python-quantumclient-2012.2~f1.tar.gz