diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 91a7c3631..42f5058c3 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.1.0
+current_version = 1.2.0
 commit = True
 tag = True
 sign_tags = True
diff --git a/CITATION.cff b/CITATION.cff
index 3e85b3630..39264389b 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -1,5 +1,5 @@
 # YAML 1.2
-cff-version: 1.1.0
+cff-version: 1.2.0
 message: "If you use this software, please cite it using these metadata."
 authors:
   - affiliation: "Center for Advanced Systems Understanding (CASUS), Helmholtz-Zentrum Dresden-Rossendorf e.V. (HZDR)"
@@ -91,4 +91,4 @@ license: "BSD-3-Clause"
 repository-code: "https://github.com/mala-project/mala"
 title: MALA
 doi: 10.5281/zenodo.5557254 # This DOI represents all versions, and will always resolve to the latest one.
-version: 1.1.0
+version: 1.2.0
diff --git a/Copyright.txt b/Copyright.txt
index 4ed37822d..62284ba25 100644
--- a/Copyright.txt
+++ b/Copyright.txt
@@ -1,6 +1,6 @@
  ************************************************************************
 
-                        MALA v. 1.1.0
+                        MALA v. 1.2.0
 
  Under the terms of Contract DE-NA0003525 with NTESS,
  the U.S. Government retains certain rights in this software.
diff --git a/mala/version.py b/mala/version.py
index f8cbf108a..d21b39a20 100644
--- a/mala/version.py
+++ b/mala/version.py
@@ -1,3 +1,3 @@
 """Version number of MALA."""
 
-__version__: str = '1.1.0'
+__version__: str = '1.2.0'