The present invention relates to a release device (10) for releasably connecting a downhole object (80), such as a running tool or a plug, to a setting tool, the release device extending between a proximal end (10a) adapted to be coupled to the setting tool and a distal end (10b) adapted to be coupled to the downhole object, the release device comprising a base element (16) extending in a longitudinal direction and a connecting element arranged in continuation of the base element, the connecting element (11) constituting the distal end of the release device and being adapted to be coupled to the downhole object, wherein the connecting element is releasably coupled to the base element by an activatable release mechanism (60). Further, the invention relates to a downhole setting tool for setting an object in a wellbore and to a method for disconnecting a downhole object.