diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9facc0da16..f1b70d7f88 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,13 @@
 Changes by Version
 ==================
 
-0.11.0 (unreleased)
+0.12.0 (2020-10-12)
+-------------------
+
+* Bumped OpenTelemetry Collector to v0.12.0 ([#81](https://github.com/open-telemetry/opentelemetry-operator/pull/81), [@jpkrohling](https://github.com/jpkrohling))
+* Remove use of deprecated controller runtime log API ([#78](https://github.com/open-telemetry/opentelemetry-operator/pull/78), [@bvwells](https://github.com/bvwells))
+
+0.11.0 (2020-09-30)
 -------------------
 
 - Initial release after the migration to `kubebuilder`
diff --git a/versions.txt b/versions.txt
index 87e44604f3..f49cdc68aa 100644
--- a/versions.txt
+++ b/versions.txt
@@ -2,7 +2,7 @@
 # by default with the OpenTelemetry Operator. This would usually be the latest 
 # stable OpenTelemetry version. When you update this file, make sure to update the
 # the docs as well.
-opentelemetry-collector=0.11.0
+opentelemetry-collector=0.12.0
 
 # Represents the next release of the OpenTelemetry Operator.
-operator=0.11.0
+operator=0.12.0