diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4f0f902c..f7bf549e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 # NVIDIA Container Toolkit Changelog
 
+## v1.12.0-rc.3
+
 ## v1.12.0-rc.2
 
 * Inject Direct Rendering Manager (DRM) devices into a container using the NVIDIA Container Runtime
diff --git a/versions.mk b/versions.mk
index 447225c8..d68208b1 100644
--- a/versions.mk
+++ b/versions.mk
@@ -14,7 +14,7 @@
 
 LIB_NAME := nvidia-container-toolkit
 LIB_VERSION := 1.12.0
-LIB_TAG := rc.2
+LIB_TAG := rc.3
 
 # Specify the nvidia-docker2 and nvidia-container-runtime package versions.
 # Note: The build tooling uses `LIB_TAG` above as the version tag.