diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2fcddf2..4955a12 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,19 @@
+# 0.12.1 (1 December 2021)
+
+This is a bugfix release that fixes linking issues with ICU that some users could've experienced
+with `carton dev` and `carton bundle`. Many thanks to [@Sefford](https://github.com/Sefford) for
+reporting this and providing detailed issue description!
+
+**Closed issues:**
+
+- Carton 0.12.0 with SwiftWasm 5.5.0 fails with linker command ([#268](https://github.com/swiftwasm/carton/issues/268))
+
+**Merged pull requests:**
+
+- Bump SwiftWasm to 5.5 in `Dockerfile`, bump AHC ([#269](https://github.com/swiftwasm/carton/pull/269)) via [@MaxDesiatov](https://github.com/MaxDesiatov)
+- Add ICU linker flags to all build invocation ([#270](https://github.com/swiftwasm/carton/pull/270)) via [@MaxDesiatov](https://github.com/MaxDesiatov)
+- Update dependencies ([#261](https://github.com/swiftwasm/carton/pull/261)) via [@MaxDesiatov](https://github.com/MaxDesiatov)
+
 # 0.12.0 (27 November 2021)
 
 This release bumps the default version of SwiftWasm distribution to 5.5.0. For projects that don't
diff --git a/Sources/CartonHelpers/Version.swift b/Sources/CartonHelpers/Version.swift
index 0e30fa3..c1b7f93 100644
--- a/Sources/CartonHelpers/Version.swift
+++ b/Sources/CartonHelpers/Version.swift
@@ -12,4 +12,4 @@
 // See the License for the specific language governing permissions and
 // limitations under the License.
 
-public let cartonVersion = "0.12.0"
+public let cartonVersion = "0.12.1"
diff --git a/package-lock.json b/package-lock.json
index e4f10ec..10eaef2 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "carton",
-  "version": "0.12.0",
+  "version": "0.12.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "carton",
-      "version": "0.12.0",
+      "version": "0.12.1",
       "license": "Apache-2.0",
       "devDependencies": {
         "@wasmer/wasi": "^0.12.0",
diff --git a/package.json b/package.json
index 6f2ad29..fa0e3bf 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "carton",
-  "version": "0.12.0",
+  "version": "0.12.1",
   "description": "📦 Watcher, bundler, and test runner for your SwiftWasm apps ",
   "main": "index.js",
   "scripts": {