diff --git a/scripts/release-packages.sh b/scripts/release-packages.sh
index 2c020ebe..d15e2ae6 100755
--- a/scripts/release-packages.sh
+++ b/scripts/release-packages.sh
@@ -132,8 +132,17 @@ function sync() {
 
     done
     if [[ ${REPO} == "stable" ]]; then
-        cp ${src}/nvidia-container-runtime*.${pkg_type} ${dst}
-        cp ${src}/nvidia-docker*.${pkg_type} ${dst}
+        for f in $(ls ${src}/nvidia-container-runtime*.${pkg_type} ${src}/nvidia-docker*.${pkg_type}); do
+            df=${dst}/$(basename ${f})
+            df_stable=${df//"/experimental/"/"/stable/"}
+            if [[ -f "${df}" ]]; then
+                echo "${df} already exists; skipping"
+            elif [[ ${REPO} == "experimental" && -f ${df_stable} ]]; then
+                echo "${df_stable} already exists; skipping"
+            else
+                cp ${f} ${df}
+            fi
+        done
     fi
 }
 
diff --git a/test/release/docker/fedora35/Dockerfile b/test/release/docker/fedora35/Dockerfile
index 0034246d..9dcd8a55 100644
--- a/test/release/docker/fedora35/Dockerfile
+++ b/test/release/docker/fedora35/Dockerfile
@@ -25,7 +25,7 @@ RUN fpm -s empty \
     rm -f /tmp/docker.rpm
 
 
-RUN curl -s -L https://nvidia.github.io/libnvidia-container/fedora35/nvidia-container-toolkit.repo \
+RUN curl -s -L https://nvidia.github.io/libnvidia-container/fedora35/libnvidia-container.repo \
     | tee /etc/yum.repos.d/nvidia-container-toolkit.repo
 
 COPY entrypoint.sh /
diff --git a/versions.mk b/versions.mk
index 55bd9040..cf7160e6 100644
--- a/versions.mk
+++ b/versions.mk
@@ -13,13 +13,14 @@
 # limitations under the License.
 
 LIB_NAME := nvidia-container-toolkit
-LIB_VERSION := 1.11.0
-LIB_TAG :=
+LIB_VERSION := 1.12.0
+LIB_TAG := rc.1
 
 # Specify the nvidia-docker2 and nvidia-container-runtime package versions.
-# Note: The tag is automatically specified to match LIB_TAG.
-NVIDIA_DOCKER_VERSION := 2.11.0
-NVIDIA_CONTAINER_RUNTIME_VERSION := 3.11.0
+# Note: The build tooling uses `LIB_TAG` above as the version tag.
+# This is appended to the versions below if specified.
+NVIDIA_DOCKER_VERSION := 2.12.0
+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