diff --git a/.github/policies/resourceManagement.yml b/.github/policies/resourceManagement.yml
index e96082f1f947..4296dc543fa5 100644
--- a/.github/policies/resourceManagement.yml
+++ b/.github/policies/resourceManagement.yml
@@ -377,8 +377,19 @@ configuration:
           branch: main
       then:
       - addMilestone:
-          milestone: 10.0-preview1
+          milestone: 10.0-preview2
       description: '[Milestone Assignments] Assign Milestone to PRs merged to the `main` branch'
+    - if:
+      - payloadType: Pull_Request
+      - isAction:
+          action: Closed
+      - targetsBranch:
+          branch: release/10.0-preview1
+      then:
+      - removeMilestone
+      - addMilestone:
+          milestone: 10.0-preview1
+      description: '[Milestone Assignments] Assign Milestone to PRs merged to release/10.0-preview1 branch'
     - if:
       - payloadType: Issues
       - isAction:
diff --git a/eng/Versions.props b/eng/Versions.props
index 825ace0ba312..e83dc8a80123 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -18,8 +18,8 @@
     -->
     <StabilizePackageVersion Condition="'$(StabilizePackageVersion)' == ''">false</StabilizePackageVersion>
     <DotNetFinalVersionKind Condition="'$(StabilizePackageVersion)' == 'true'">release</DotNetFinalVersionKind>
-    <PreReleaseVersionLabel>alpha</PreReleaseVersionLabel>
-    <PreReleaseBrandingLabel>Alpha $(PreReleaseVersionIteration)</PreReleaseBrandingLabel>
+    <PreReleaseVersionLabel>preview</PreReleaseVersionLabel>
+    <PreReleaseBrandingLabel>Preview $(PreReleaseVersionIteration)</PreReleaseBrandingLabel>
     <IncludePreReleaseLabelInPackageVersion>true</IncludePreReleaseLabelInPackageVersion>
     <IncludePreReleaseLabelInPackageVersion Condition=" '$(DotNetFinalVersionKind)' == 'release' ">false</IncludePreReleaseLabelInPackageVersion>
     <AspNetCoreMajorMinorVersion>$(AspNetCoreMajorVersion).$(AspNetCoreMinorVersion)</AspNetCoreMajorMinorVersion>