diff --git a/Makefile b/Makefile
index 609e8b735..3c2cea827 100644
--- a/Makefile
+++ b/Makefile
@@ -1,6 +1,6 @@
 # The following are targers that do not exist in the filesystem as real files and should be always executed by make
 .PHONY: default build deps-development docker-build shell run image unit-test test generate go-generate get-deps update-deps
-VERSION := 0.1.1
+VERSION := 0.1.2
 
 # Name of this service/application
 SERVICE_NAME := redis-operator