diff --git a/CMakeLists.txt b/CMakeLists.txt
index a8fea578310..2dbd3b17d3f 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,7 +3,7 @@ project(eosio_wasm_sdk)
 
 set(VERSION_MAJOR 1)
 set(VERSION_MINOR 2)
-set(VERSION_PATCH 0)
+set(VERSION_PATCH 1)
 
 if (CMAKE_INSTALL_PREFIX_INITIALIZED_TO_DEFAULT)
    message(WARNING "CMAKE_INSTALL_PREFIX is set to default path of ${CMAKE_INSTALL_PREFIX}, resetting to ${CMAKE_INSTALL_PREFIX}/eosio.cdt")
diff --git a/README.md b/README.md
index f71dc0ed52b..0a324d412d2 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,5 @@
 # EOSIO.CDT (Contract Development Toolkit)
-## Version : 1.2.0
+## Version : 1.2.1
 
 EOSIO.CDT is a toolchain for WebAssembly (WASM) and set of tools to facilitate contract writing for the EOSIO platform.  In addition to being a general purpose WebAssembly toolchain, [EOSIO](https://github.com/eosio/eos) specific optimizations are available to support building EOSIO smart contracts.  This new toolchain is built around [Clang 7](https://github.com/eosio/llvm), which means that EOSIO.CDT has the most currently available optimizations and analyses from LLVM, but as the WASM target is still considered experimental, some optimizations are not available or incomplete.