diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9b8d41b2..b5930cd5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,9 +1,11 @@
 # NVIDIA Container Toolkit Changelog
 
-## v1.12.0-rc.6
+## v1.12.0
 
+* Promote `v1.12.0-rc.5` to `v1.12.0`
 * Rename `nvidia cdi generate` `--root` flag to `--driver-root` to better indicate intent
 * [libnvidia-container] Add nvcubins.bin to DriverStore components under WSL2
+* [toolkit-container] Bump CUDA base images to 12.0.1
 
 ## v1.12.0-rc.5
 
diff --git a/third_party/libnvidia-container b/third_party/libnvidia-container
index cb0b5c23..7678e1af 160000
--- a/third_party/libnvidia-container
+++ b/third_party/libnvidia-container
@@ -1 +1 @@
-Subproject commit cb0b5c230bf8db4a3f990cd83452f7dd78062ee8
+Subproject commit 7678e1af094d865441d0bc1b97c3e72d15fcab50
diff --git a/versions.mk b/versions.mk
index 4121c635..7569e232 100644
--- a/versions.mk
+++ b/versions.mk
@@ -14,7 +14,6 @@
 
 LIB_NAME := nvidia-container-toolkit
 LIB_VERSION := 1.12.0
-LIB_TAG := rc.6
 
 # Specify the nvidia-docker2 and nvidia-container-runtime package versions.
 # Note: The build tooling uses `LIB_TAG` above as the version tag.
@@ -25,7 +24,7 @@ NVIDIA_CONTAINER_RUNTIME_VERSION := 3.12.0
 # Specify the expected libnvidia-container0 version for arm64-based ubuntu builds.
 LIBNVIDIA_CONTAINER0_VERSION := 0.10.0+jetpack
 
-CUDA_VERSION := 11.8.0
+CUDA_VERSION := 12.0.1
 GOLANG_VERSION := 1.18.8
 
 GIT_COMMIT ?= $(shell git describe --match="" --dirty --long --always --abbrev=40 2> /dev/null || echo "")