diff --git a/.github/release-please-manifest.json b/.github/release-please-manifest.json
index ac5b304..091c004 100644
--- a/.github/release-please-manifest.json
+++ b/.github/release-please-manifest.json
@@ -1 +1 @@
-{".":"1.1.0","hcloudimages":"1.2.0"}
+{".":"1.2.0","hcloudimages":"1.2.0"}
diff --git a/CHANGELOG.md b/CHANGELOG.md
index e0ca817..50fb10a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Changelog
 
+## [1.2.0](https://github.com/apricote/hcloud-upload-image/compare/v1.1.0...v1.2.0) (2025-11-06)
+
+
+### Features
+
+* change minimum required Go version to 1.24 ([#130](https://github.com/apricote/hcloud-upload-image/issues/130)) ([5eba2d5](https://github.com/apricote/hcloud-upload-image/commit/5eba2d52fe3aafb4fd0d93403548f4c32bc2b5ac))
+* support zstd compression ([#125](https://github.com/apricote/hcloud-upload-image/issues/125)) ([37ebbce](https://github.com/apricote/hcloud-upload-image/commit/37ebbce5179997ac216af274055fc34c777b01e6)), closes [#122](https://github.com/apricote/hcloud-upload-image/issues/122)
+* update default x86 server type to cx23 ([#129](https://github.com/apricote/hcloud-upload-image/issues/129)) ([a205619](https://github.com/apricote/hcloud-upload-image/commit/a20561944d0ba9485a6e10e99df15c56a688541d))
+
 ## [1.1.0](https://github.com/apricote/hcloud-upload-image/compare/v1.0.1...v1.1.0) (2025-05-10)
 
 
diff --git a/internal/version/version.go b/internal/version/version.go
index f8df129..8ad75b5 100644
--- a/internal/version/version.go
+++ b/internal/version/version.go
@@ -2,7 +2,7 @@ package version
 
 var (
 	// version is a semver version (https://semver.org).
-	version = "1.1.0" // x-release-please-version
+	version = "1.2.0" // x-release-please-version
 
 	// versionPrerelease is a semver version pre-release identifier (https://semver.org).
 	//