diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index 1b83ddd..395ca8b 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -19,3 +19,10 @@ releases:
     release_date: '2023-09-21'
   1.2.0:
     release_date: '2024-03-04'
+    changes:
+      release_summary: Not released due to issues in the release process
+  1.2.1:
+    release_date: '2024-03-04'
+    changes:
+      release_summary: >-
+        Mostly code cleanups and dependency updates to ensure compatibility with KubeVirt >= 1.1.0
diff --git a/galaxy.yml b/galaxy.yml
index 4b44372..d861176 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -1,7 +1,7 @@
 ---
 namespace: kubevirt
 name: core
-version: "1.2.0"
+version: "1.2.1"
 readme: README.md
 authors:
   - KubeVirt Project (kubevirt.io)