diff --git a/Cargo.lock b/Cargo.lock
index d8197385b591d..bceedf6d4c1c8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4010,7 +4010,7 @@ dependencies = [
 
 [[package]]
 name = "mz-balancerd"
-version = "0.101.0"
+version = "0.101.1"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -4135,7 +4135,7 @@ dependencies = [
 
 [[package]]
 name = "mz-catalog-debug"
-version = "0.101.0"
+version = "0.101.1"
 dependencies = [
  "anyhow",
  "clap",
@@ -4289,7 +4289,7 @@ dependencies = [
 
 [[package]]
 name = "mz-clusterd"
-version = "0.101.0"
+version = "0.101.1"
 dependencies = [
  "anyhow",
  "axum",
@@ -4527,7 +4527,7 @@ dependencies = [
 
 [[package]]
 name = "mz-environmentd"
-version = "0.101.0"
+version = "0.101.1"
 dependencies = [
  "anyhow",
  "askama",
@@ -5263,7 +5263,7 @@ dependencies = [
 
 [[package]]
 name = "mz-persist-client"
-version = "0.101.0"
+version = "0.101.1"
 dependencies = [
  "anyhow",
  "arrayvec 0.7.4",
@@ -6376,7 +6376,7 @@ dependencies = [
 
 [[package]]
 name = "mz-testdrive"
-version = "0.101.0"
+version = "0.101.1"
 dependencies = [
  "anyhow",
  "arrow",
diff --git a/LICENSE b/LICENSE
index 7c5bb8fbd88ab..af744fbedd242 100644
--- a/LICENSE
+++ b/LICENSE
@@ -13,7 +13,7 @@ Business Source License 1.1
 
 Licensor:                  Materialize, Inc.
 
-Licensed Work:             Materialize Version v0.101.0
+Licensed Work:             Materialize Version v0.101.1
                            The Licensed Work is © 2024 Materialize, Inc.
 
 Additional Use Grant:      Within a single installation of Materialize, you
diff --git a/src/balancerd/Cargo.toml b/src/balancerd/Cargo.toml
index ee436b5a54c03..796e1d01045de 100644
--- a/src/balancerd/Cargo.toml
+++ b/src/balancerd/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "mz-balancerd"
 description = "Balancer service."
-version = "0.101.0"
+version = "0.101.1"
 edition.workspace = true
 rust-version.workspace = true
 publish = false
diff --git a/src/catalog-debug/Cargo.toml b/src/catalog-debug/Cargo.toml
index 330ffb4d25b0b..df52d1fefe492 100644
--- a/src/catalog-debug/Cargo.toml
+++ b/src/catalog-debug/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "mz-catalog-debug"
 description = "Durable metadata storage debug tool."
-version = "0.101.0"
+version = "0.101.1"
 edition.workspace = true
 rust-version.workspace = true
 publish = false
diff --git a/src/clusterd/Cargo.toml b/src/clusterd/Cargo.toml
index 229e469db8801..bcc6c901fb5e3 100644
--- a/src/clusterd/Cargo.toml
+++ b/src/clusterd/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "mz-clusterd"
 description = "Materialize's cluster server."
-version = "0.101.0"
+version = "0.101.1"
 edition.workspace = true
 rust-version.workspace = true
 publish = false
diff --git a/src/environmentd/Cargo.toml b/src/environmentd/Cargo.toml
index aae272c0f9ca0..eee187515a153 100644
--- a/src/environmentd/Cargo.toml
+++ b/src/environmentd/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "mz-environmentd"
 description = "Manages a single Materialize environment."
-version = "0.101.0"
+version = "0.101.1"
 authors = ["Materialize, Inc."]
 license = "proprietary"
 edition.workspace = true
diff --git a/src/persist-client/Cargo.toml b/src/persist-client/Cargo.toml
index 1596ea0f0d2a5..fa97a5f27bd89 100644
--- a/src/persist-client/Cargo.toml
+++ b/src/persist-client/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "mz-persist-client"
 description = "Client for Materialize pTVC durability system"
-version = "0.101.0"
+version = "0.101.1"
 edition.workspace = true
 rust-version.workspace = true
 publish = false
diff --git a/src/testdrive/Cargo.toml b/src/testdrive/Cargo.toml
index f4b46aedcde64..e1d9742dc060b 100644
--- a/src/testdrive/Cargo.toml
+++ b/src/testdrive/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "mz-testdrive"
 description = "Integration test driver for Materialize."
-version = "0.101.0"
+version = "0.101.1"
 edition.workspace = true
 rust-version.workspace = true
 publish = false