diff --git a/CHANGELOG.md b/CHANGELOG.md
index d0c95268..adcd2a53 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,13 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## 0.12.1
+**Full Changelog**: https://github.com/ngrok/kubernetes-ingress-controller/compare/kubernetes-ingress-controller-0.12.0...kubernetes-ingress-controller-0.12.1
+
+### Fixed
+- fix(service-controller): Updates not working [#406](https://github.com/ngrok/kubernetes-ingress-controller/pull/406)
+- fix: Deleting ngrok LoadBalancer services hanging [#404](https://github.com/ngrok/kubernetes-ingress-controller/pull/404)
+
 ## 0.12.0
 **Full Changelog**: https://github.com/ngrok/kubernetes-ingress-controller/compare/kubernetes-ingress-controller-0.11.0...kubernetes-ingress-controller-0.12.0
 
diff --git a/VERSION b/VERSION
index ac454c6a..34a83616 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.12.0
+0.12.1
diff --git a/helm/ingress-controller/CHANGELOG.md b/helm/ingress-controller/CHANGELOG.md
index 1d3da7a0..cf96e584 100644
--- a/helm/ingress-controller/CHANGELOG.md
+++ b/helm/ingress-controller/CHANGELOG.md
@@ -5,6 +5,13 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## 0.14.1
+**Full Changelog**: https://github.com/ngrok/kubernetes-ingress-controller/compare/helm-chart-0.14.0...helm-chart-0.14.1
+
+### Changed
+
+- Bump image version from `0.12.0` to `0.12.1`
+
 ## 0.14.0
 **Full Changelog**: https://github.com/ngrok/kubernetes-ingress-controller/compare/helm-chart-0.13.0...helm-chart-0.14.0
 
diff --git a/helm/ingress-controller/Chart.yaml b/helm/ingress-controller/Chart.yaml
index b6d47432..7e2b1c0b 100644
--- a/helm/ingress-controller/Chart.yaml
+++ b/helm/ingress-controller/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v2
 name: kubernetes-ingress-controller
 description: A Kubernetes ingress controller built using ngrok.
-version: 0.14.0
-appVersion: 0.12.0
+version: 0.14.1
+appVersion: 0.12.1
 keywords:
   - ngrok
   - networking
diff --git a/helm/ingress-controller/tests/__snapshot__/controller-deployment_test.yaml.snap b/helm/ingress-controller/tests/__snapshot__/controller-deployment_test.yaml.snap
index 71771031..65dc9815 100644
--- a/helm/ingress-controller/tests/__snapshot__/controller-deployment_test.yaml.snap
+++ b/helm/ingress-controller/tests/__snapshot__/controller-deployment_test.yaml.snap
@@ -12,8 +12,8 @@ Should match all-options snapshot:
         app.kubernetes.io/managed-by: Helm
         app.kubernetes.io/name: kubernetes-ingress-controller
         app.kubernetes.io/part-of: kubernetes-ingress-controller
-        app.kubernetes.io/version: 0.12.0
-        helm.sh/chart: kubernetes-ingress-controller-0.14.0
+        app.kubernetes.io/version: 0.12.1
+        helm.sh/chart: kubernetes-ingress-controller-0.14.1
       name: RELEASE-NAME-kubernetes-ingress-controller-manager
       namespace: NAMESPACE
     spec:
@@ -84,7 +84,7 @@ Should match all-options snapshot:
                     value: test-value
                 - name: TEST_ENV_VAR
                   value: test
-              image: docker.io/ngrok/kubernetes-ingress-controller:0.12.0
+              image: docker.io/ngrok/kubernetes-ingress-controller:0.12.1
               imagePullPolicy: IfNotPresent
               livenessProbe:
                 httpGet:
@@ -551,8 +551,8 @@ Should match default snapshot:
         app.kubernetes.io/managed-by: Helm
         app.kubernetes.io/name: kubernetes-ingress-controller
         app.kubernetes.io/part-of: kubernetes-ingress-controller
-        app.kubernetes.io/version: 0.12.0
-        helm.sh/chart: kubernetes-ingress-controller-0.14.0
+        app.kubernetes.io/version: 0.12.1
+        helm.sh/chart: kubernetes-ingress-controller-0.14.1
       name: RELEASE-NAME-kubernetes-ingress-controller-manager
       namespace: NAMESPACE
     spec:
@@ -616,7 +616,7 @@ Should match default snapshot:
                   valueFrom:
                     fieldRef:
                       fieldPath: metadata.namespace
-              image: docker.io/ngrok/kubernetes-ingress-controller:0.12.0
+              image: docker.io/ngrok/kubernetes-ingress-controller:0.12.1
               imagePullPolicy: IfNotPresent
               livenessProbe:
                 httpGet:
diff --git a/helm/ingress-controller/tests/__snapshot__/controller-pdb_test.yaml.snap b/helm/ingress-controller/tests/__snapshot__/controller-pdb_test.yaml.snap
index 7b59c734..397b2d49 100644
--- a/helm/ingress-controller/tests/__snapshot__/controller-pdb_test.yaml.snap
+++ b/helm/ingress-controller/tests/__snapshot__/controller-pdb_test.yaml.snap
@@ -9,8 +9,8 @@ should match snapshot:
         app.kubernetes.io/managed-by: Helm
         app.kubernetes.io/name: kubernetes-ingress-controller
         app.kubernetes.io/part-of: kubernetes-ingress-controller
-        app.kubernetes.io/version: 0.12.0
-        helm.sh/chart: kubernetes-ingress-controller-0.14.0
+        app.kubernetes.io/version: 0.12.1
+        helm.sh/chart: kubernetes-ingress-controller-0.14.1
       name: test-release-kubernetes-ingress-controller-controller-pdb
       namespace: test-namespace
     spec:
diff --git a/helm/ingress-controller/tests/__snapshot__/controller-serviceaccount_test.yaml.snap b/helm/ingress-controller/tests/__snapshot__/controller-serviceaccount_test.yaml.snap
index 0e21bf5f..782c8808 100644
--- a/helm/ingress-controller/tests/__snapshot__/controller-serviceaccount_test.yaml.snap
+++ b/helm/ingress-controller/tests/__snapshot__/controller-serviceaccount_test.yaml.snap
@@ -9,7 +9,7 @@ Should match the snapshot:
         app.kubernetes.io/managed-by: Helm
         app.kubernetes.io/name: kubernetes-ingress-controller
         app.kubernetes.io/part-of: kubernetes-ingress-controller
-        app.kubernetes.io/version: 0.12.0
-        helm.sh/chart: kubernetes-ingress-controller-0.14.0
+        app.kubernetes.io/version: 0.12.1
+        helm.sh/chart: kubernetes-ingress-controller-0.14.1
       name: test-release-kubernetes-ingress-controller
       namespace: test-namespace
diff --git a/helm/ingress-controller/tests/__snapshot__/ingress-class_test.yaml.snap b/helm/ingress-controller/tests/__snapshot__/ingress-class_test.yaml.snap
index 675610ae..2c8127f9 100644
--- a/helm/ingress-controller/tests/__snapshot__/ingress-class_test.yaml.snap
+++ b/helm/ingress-controller/tests/__snapshot__/ingress-class_test.yaml.snap
@@ -9,8 +9,8 @@ Should match snapshot:
         app.kubernetes.io/managed-by: Helm
         app.kubernetes.io/name: kubernetes-ingress-controller
         app.kubernetes.io/part-of: kubernetes-ingress-controller
-        app.kubernetes.io/version: 0.12.0
-        helm.sh/chart: kubernetes-ingress-controller-0.14.0
+        app.kubernetes.io/version: 0.12.1
+        helm.sh/chart: kubernetes-ingress-controller-0.14.1
       name: ngrok
     spec:
       controller: k8s.ngrok.com/ingress-controller