diff --git a/scripts/Resolve-PSModuleVersion.Helpers.psm1 b/scripts/Resolve-PSModuleVersion.Helpers.psm1
index 5a70e97..25a3121 100644
--- a/scripts/Resolve-PSModuleVersion.Helpers.psm1
+++ b/scripts/Resolve-PSModuleVersion.Helpers.psm1
@@ -222,30 +222,29 @@ function Resolve-ReleaseDecision {
             $shouldPublish = $false
         }
 
-        # Defaults: always produce a prerelease patch version.
-        $majorRelease = $false
-        $minorRelease = $false
-        $patchRelease = $true
-        $hasVersionBump = $true
-        if (-not $shouldPublish) {
-            $createPrerelease = $true
+        # Always evaluate the version-bump labels so the resolved version reflects what WOULD be
+        # created, regardless of whether this run publishes. ReleaseType (and the prerelease label
+        # that drives it) only controls whether and how we publish - never the version increment.
+        $majorRelease = ($labels | Where-Object { $Configuration.MajorLabels -contains $_ }).Count -gt 0
+        $minorRelease = ($labels | Where-Object { $Configuration.MinorLabels -contains $_ }).Count -gt 0 -and -not $majorRelease
+        $patchRelease = (
+            (($labels | Where-Object { $Configuration.PatchLabels -contains $_ }).Count -gt 0) -or $Configuration.AutoPatching
+        ) -and -not $majorRelease -and -not $minorRelease
+
+        $hasVersionBump = $majorRelease -or $minorRelease -or $patchRelease
+        if (-not $hasVersionBump) {
+            # No explicit bump label and no AutoPatching: still resolve a patch version so the run
+            # can preview what it would create, but do not publish a full release for an unlabeled change.
+            Write-Host 'No version bump label and AutoPatching disabled; previewing a patch version without publishing.'
+            $patchRelease = $true
+            $hasVersionBump = $true
+            $shouldPublish = $false
         }
 
-        if ($shouldPublish) {
-            $majorRelease = ($labels | Where-Object { $Configuration.MajorLabels -contains $_ }).Count -gt 0
-            $minorRelease = ($labels | Where-Object { $Configuration.MinorLabels -contains $_ }).Count -gt 0 -and -not $majorRelease
-            $patchRelease = (
-                (($labels | Where-Object { $Configuration.PatchLabels -contains $_ }).Count -gt 0) -or $Configuration.AutoPatching
-            ) -and -not $majorRelease -and -not $minorRelease
-
-            $hasVersionBump = $majorRelease -or $minorRelease -or $patchRelease
-            if (-not $hasVersionBump) {
-                Write-Host 'No version bump label found and AutoPatching is disabled. No release will be created.'
-                $shouldPublish = $false
-                $createPrerelease = $true
-                $patchRelease = $true
-                $hasVersionBump = $true
-            }
+        # Anything that is not a published full release is surfaced as a prerelease - either a
+        # published prerelease (ShouldPublish) or a non-published preview.
+        if (-not $shouldPublish) {
+            $createPrerelease = $true
         }
 
         Write-Host '-------------------------------------------------'
diff --git a/tests/Resolve-PSModuleVersion.Helpers.Tests.Data.psd1 b/tests/Resolve-PSModuleVersion.Helpers.Tests.Data.psd1
index 0e1e2d5..c08c11e 100644
--- a/tests/Resolve-PSModuleVersion.Helpers.Tests.Data.psd1
+++ b/tests/Resolve-PSModuleVersion.Helpers.Tests.Data.psd1
@@ -102,6 +102,40 @@
                 PrereleaseName   = 'feattestnone'
             }
         }
+        @{
+            Name         = 'ReleaseType None with a minor label previews a minor bump'
+            ReleaseType  = 'None'
+            AutoPatching = $false
+            HeadRef      = 'feat/none-minor'
+            Labels       = @('minor')
+            Expected     = @{
+                ShouldPublish    = $false
+                CreateRelease    = $false
+                CreatePrerelease = $true
+                MajorRelease     = $false
+                MinorRelease     = $true
+                PatchRelease     = $false
+                HasVersionBump   = $true
+                PrereleaseName   = 'featnoneminor'
+            }
+        }
+        @{
+            Name         = 'ReleaseType None with a major label previews a major bump'
+            ReleaseType  = 'None'
+            AutoPatching = $false
+            HeadRef      = 'feat/none-major'
+            Labels       = @('major')
+            Expected     = @{
+                ShouldPublish    = $false
+                CreateRelease    = $false
+                CreatePrerelease = $true
+                MajorRelease     = $true
+                MinorRelease     = $false
+                PatchRelease     = $false
+                HasVersionBump   = $true
+                PrereleaseName   = 'featnonemajor'
+            }
+        }
         @{
             Name         = 'ReleaseType Prerelease with minor label'
             ReleaseType  = 'Prerelease'
@@ -412,6 +446,36 @@
             ExpectedPrerelease    = 'feattestnone001'
             ExpectedFullVersion   = 'v1.0.2-feattestnone001'
         }
+        @{
+            Name                  = 'ReleaseType None with a minor label previews a minor prerelease'
+            LatestVersion         = '1.0.1'
+            ReleaseType           = 'None'
+            AutoPatching          = $false
+            IncrementalPrerelease = $false
+            VersionPrefix         = 'v'
+            HeadRef               = 'feat/none-minor'
+            Labels                = @('minor')
+            ExpectedShouldPublish = $false
+            ExpectedReleaseType   = 'None'
+            ExpectedVersion       = '1.1.0'
+            ExpectedPrerelease    = 'featnoneminor001'
+            ExpectedFullVersion   = 'v1.1.0-featnoneminor001'
+        }
+        @{
+            Name                  = 'ReleaseType None with a major label previews a major prerelease'
+            LatestVersion         = '1.0.1'
+            ReleaseType           = 'None'
+            AutoPatching          = $false
+            IncrementalPrerelease = $false
+            VersionPrefix         = 'v'
+            HeadRef               = 'feat/none-major'
+            Labels                = @('major')
+            ExpectedShouldPublish = $false
+            ExpectedReleaseType   = 'None'
+            ExpectedVersion       = '2.0.0'
+            ExpectedPrerelease    = 'featnonemajor001'
+            ExpectedFullVersion   = 'v2.0.0-featnonemajor001'
+        }
         @{
             Name                  = 'Prerelease type with incremental counter'
             LatestVersion         = '1.0.1'