diff --git a/CHANGELOG.md b/CHANGELOG.md
index b5930cd5..15f07001 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,15 @@
 # NVIDIA Container Toolkit Changelog
 
+## v1.12.1
+
+* Don't fail chmod hook if paths are not injected
+* Fix possible blank `nvidia-ctk` path in generated CDI specifications
+* Fix error in postun scriplet on RPM-based systems
+* Fix missing NVML symbols when running `nvidia-ctk` on some platforms [#49]
+* Discover all `gsb*.bin` GSP firmware files when generating CDI specification.
+* Remove `fedora35` packaging targets
+* [libnvidia-container] Include all `gsp*.bin` firmware files if present
+
 ## v1.12.0
 
 * Promote `v1.12.0-rc.5` to `v1.12.0`
diff --git a/third_party/libnvidia-container b/third_party/libnvidia-container
index 7678e1af..abf9758e 160000
--- a/third_party/libnvidia-container
+++ b/third_party/libnvidia-container
@@ -1 +1 @@
-Subproject commit 7678e1af094d865441d0bc1b97c3e72d15fcab50
+Subproject commit abf9758ec8d98118119892441614270336c3257c
diff --git a/versions.mk b/versions.mk
index 7569e232..aca2ffca 100644
--- a/versions.mk
+++ b/versions.mk
@@ -13,7 +13,7 @@
 # limitations under the License.
 
 LIB_NAME := nvidia-container-toolkit
-LIB_VERSION := 1.12.0
+LIB_VERSION := 1.12.1
 
 # Specify the nvidia-docker2 and nvidia-container-runtime package versions.
 # Note: The build tooling uses `LIB_TAG` above as the version tag.