diff --git a/Makefile b/Makefile
index e2ccef98..771da990 100644
--- a/Makefile
+++ b/Makefile
@@ -5,7 +5,7 @@ MKDIR    ?= mkdir
 DIST_DIR ?= $(CURDIR)/dist
 
 LIB_NAME := nvidia-container-toolkit
-LIB_VERSION := 1.1.2
+LIB_VERSION := 1.2.0
 
 GOLANG_VERSION := 1.14.2
 GOLANG_PKG_PATH := github.com/NVIDIA/container-toolkit/pkg