diff --git a/CMakeLists.txt b/CMakeLists.txt
index ffc5a0bc55..1209bfbfda 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,7 +3,7 @@ cmake_minimum_required(VERSION 3.20)
 # Set current version of the project
 set(TARAXA_MAJOR_VERSION 1)
 set(TARAXA_MINOR_VERSION 12)
-set(TARAXA_PATCH_VERSION 0)
+set(TARAXA_PATCH_VERSION 1)
 set(TARAXA_VERSION ${TARAXA_MAJOR_VERSION}.${TARAXA_MINOR_VERSION}.${TARAXA_PATCH_VERSION})
 
 # Any time a change in the network protocol is introduced this version should be increased