diff --git a/CMakeLists.txt b/CMakeLists.txt
index 2e87311d..2fffabf3 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -7,7 +7,7 @@ project(cJSON C)
 
 set(PROJECT_VERSION_MAJOR 1)
 set(PROJECT_VERSION_MINOR 2)
-set(PROJECT_VERSION_PATCH 0)
+set(PROJECT_VERSION_PATCH 1)
 set(CJSON_VERSION_SO 1)
 set(CJSON_UTILS_VERSION_SO 1)
 set(PROJECT_VERSION "${PROJECT_VERSION_MAJOR}.${PROJECT_VERSION_MINOR}.${PROJECT_VERSION_PATCH}")
diff --git a/Makefile b/Makefile
index e58b4b61..532cd99f 100644
--- a/Makefile
+++ b/Makefile
@@ -10,7 +10,7 @@ UTILS_TEST_SRC = cJSON.c cJSON_Utils.c test_utils.c
 
 LDLIBS = -lm
 
-LIBVERSION = 1.2.0
+LIBVERSION = 1.2.1
 CJSON_SOVERSION = 1
 UTILS_SOVERSION = 1
 
diff --git a/cJSON.h b/cJSON.h
index 4ef0396b..a9bf4f26 100644
--- a/cJSON.h
+++ b/cJSON.h
@@ -31,7 +31,7 @@ extern "C"
 /* project version */
 #define CJSON_VERSION_MAJOR 1
 #define CJSON_VERSION_MINOR 2
-#define CJSON_VERSION_PATCH 0
+#define CJSON_VERSION_PATCH 1
 
 /* returns the version of cJSON as a string */
 extern const char* cJSON_Version(void);