diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8ff675913..9cc3a9df8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,19 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic
 Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [1.2.1] - 2023-03-31
+### Changes
+- Use RHEL8 for building FIO container images in CI
+- Bump github.com/go-logr/logr from 1.2.3 to 1.2.4
+- Bump sigs.k8s.io/controller-runtime from 0.14.5 to 0.14.6
+- Bump github.com/prometheus-operator/prometheus-operator/pkg/client
+- Bump k8s.io/apiextensions-apiserver from 0.26.2 to 0.26.3
+- Update CI to use RHEL 9 and OpenShift 4.13
+- Bump github.com/onsi/gomega from 1.27.2 to 1.27.4
+- Update maintainers
+- Bump golang.org/x/net from 0.7.0 to 0.8.0
+- Bump golang.org/x/mod from 0.8.0 to 0.9.0
+
 ## [1.2.0] - 2023-03-06
 ### Changes
 - Update golang version in Dockerfile for builds
diff --git a/bundle/manifests/file-integrity-operator.clusterserviceversion.yaml b/bundle/manifests/file-integrity-operator.clusterserviceversion.yaml
index 47e85f8ee..6d47538f6 100644
--- a/bundle/manifests/file-integrity-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/file-integrity-operator.clusterserviceversion.yaml
@@ -19,8 +19,8 @@ metadata:
       ]
     capabilities: Seamless Upgrades
     categories: Monitoring,Security
-    createdAt: "2023-03-06T20:23:40Z"
-    olm.skipRange: '>=1.0.0 <1.2.0'
+    createdAt: "2023-03-31T19:00:47Z"
+    olm.skipRange: '>=1.0.0 <1.2.1'
     operatorframework.io/cluster-monitoring: "true"
     operatorframework.io/suggested-namespace: openshift-file-integrity
     operators.openshift.io/infrastructure-features: '["disconnected", "fips"]'
@@ -35,7 +35,7 @@ metadata:
     operatorframework.io/arch.s390x: supported
     operatorframework.io/os.linux: supported
     operatorframework.io/os.zos: supported
-  name: file-integrity-operator.v1.2.0
+  name: file-integrity-operator.v1.2.1
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -99,7 +99,7 @@ spec:
                   value: file-integrity-operator
                 - name: RELATED_IMAGE_OPERATOR
                   value: quay.io/file-integrity-operator/file-integrity-operator:latest
-                image: quay.io/file-integrity-operator/file-integrity-operator:1.2.0
+                image: quay.io/file-integrity-operator/file-integrity-operator:1.2.1
                 imagePullPolicy: Always
                 name: file-integrity-operator
                 resources:
@@ -321,4 +321,7 @@ spec:
   provider:
     name: Red Hat
     url: https://github.com/openshift/file-integrity-operator
-  version: 1.2.0
+  relatedImages:
+  - image: quay.io/file-integrity-operator/file-integrity-operator:latest
+    name: operator
+  version: 1.2.1
diff --git a/catalog/preamble.json b/catalog/preamble.json
index 35c282be1..6e6209fa4 100644
--- a/catalog/preamble.json
+++ b/catalog/preamble.json
@@ -13,8 +13,8 @@
     "package": "file-integrity-operator",
     "entries": [
         {
-            "name": "file-integrity-operator.v1.2.0",
-            "skipRange": ">=1.0.0 <1.2.0"
+            "name": "file-integrity-operator.v1.2.1",
+            "skipRange": ">=1.0.0 <1.2.1"
         }
     ]
 }
diff --git a/config/manifests/bases/file-integrity-operator.clusterserviceversion.yaml b/config/manifests/bases/file-integrity-operator.clusterserviceversion.yaml
index 44cdb6d05..55e2f7a36 100644
--- a/config/manifests/bases/file-integrity-operator.clusterserviceversion.yaml
+++ b/config/manifests/bases/file-integrity-operator.clusterserviceversion.yaml
@@ -19,7 +19,7 @@ metadata:
       ]
     capabilities: Seamless Upgrades
     categories: Monitoring,Security
-    olm.skipRange: '>=1.0.0 <1.2.0'
+    olm.skipRange: '>=1.0.0 <1.2.1'
     operatorframework.io/cluster-monitoring: "true"
     operatorframework.io/suggested-namespace: openshift-file-integrity
     operators.openshift.io/infrastructure-features: '["disconnected", "fips"]'
diff --git a/version.Makefile b/version.Makefile
index 8fefd974a..431d711db 100644
--- a/version.Makefile
+++ b/version.Makefile
@@ -2,4 +2,4 @@
 # - use the VERSION as arg of the bundle target (e.g make bundle VERSION=0.0.2)
 # - use environment variables to overwrite this value (e.g export VERSION=0.0.2)
 
-VERSION?=1.2.0
\ No newline at end of file
+VERSION?=1.2.1
\ No newline at end of file
diff --git a/version/version.go b/version/version.go
index 56bc20cdb..251811c4b 100644
--- a/version/version.go
+++ b/version/version.go
@@ -1,5 +1,5 @@
 package version
 
 var (
-	Version = "1.2.0"
+	Version = "1.2.1"
 )