diff --git a/.gitignore b/.gitignore
index 36ff81f..05fd6e0 100644
--- a/.gitignore
+++ b/.gitignore
@@ -22,3 +22,5 @@ pinentry-0.8.0.tar.gz.sig
 /pinentry-1.1.1.tar.bz2.sig
 /pinentry-1.2.0.tar.bz2
 /pinentry-1.2.0.tar.bz2.sig
+/pinentry-1.2.1.tar.bz2
+/pinentry-1.2.1.tar.bz2.sig
diff --git a/pinentry.spec b/pinentry.spec
index 2161bd9..a94d6b5 100644
--- a/pinentry.spec
+++ b/pinentry.spec
@@ -1,6 +1,6 @@
 Name:    pinentry
-Version: 1.2.0
-Release: 4%{?dist}
+Version: 1.2.1
+Release: 1%{?dist}
 Summary: Collection of simple PIN or passphrase entry dialogs
 
 License: GPLv2+
@@ -146,6 +146,9 @@ rm -fv $RPM_BUILD_ROOT%{_infodir}/dir
 %{_bindir}/pinentry-tty
 
 %changelog
+* Thu Aug 25 2022 Jakub Jelen <jjelen@redhat.com> - 1.2.1-1
+- New upstream release (#2121079)
+
 * Tue Aug 02 2022 Jakub Jelen <jjelen@redhat.com> - 1.2.0-4
 - Use gcr3 compat package to unbreak build in Fedora 37 (#2113596)
 
diff --git a/sources b/sources
index 01b46fd..43f1625 100644
--- a/sources
+++ b/sources
@@ -1,2 +1,2 @@
-SHA512 (pinentry-1.2.0.tar.bz2) = 19cea79aa3982d1f0d75220c8e24ca38d6c49475c6f4c5aa7101151b4690db23ed316096a4a411136e716ba4eb471f48f9b09556e5c9837533c2356b9b384b63
-SHA512 (pinentry-1.2.0.tar.bz2.sig) = ea06d1e2b0af7865537ce2b0eaa25de1030e992ee38849d08cb52d07a91dfe3933fcf38e7ba092e37a97c01ce2083f4e83d766bfb72b906beb5a001bab22cfa7
+SHA512 (pinentry-1.2.1.tar.bz2) = a665315628f4dcf07e16a22db3f3be15d7e7e93b3deec0546c7275b71b0e3bd65535a08af5e12d6339fd6595132df86529401d9d12bd17c428a3466e8dfafab6
+SHA512 (pinentry-1.2.1.tar.bz2.sig) = b14525f6ace3d1fc3dc9e1173de8821fa2a960b870876beb10b98f41222378c1e3f4f79481f3f3854c1753e8dc9a7eb92862ffa583c7be0788ec25045a4e1176