diff --git a/CHANGELOG.md b/CHANGELOG.md
index 52818626d743d834724368cb5c646dcaf00b0b37..dd5a6bfcda437e6e198c8cf081fd7d92645a9901 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.12.0] - 2021-04-21
+
 ### Fixed
 - Fixed `ERROR: The workspace root package should be a workspace member` when building a contract
   under Windows - [#261](https://github.com/paritytech/cargo-contract/pull/261)
@@ -13,6 +15,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Removed
 - Remove support for `--binaryen-as-dependency` - [#251](https://github.com/paritytech/cargo-contract/pull/251)
 - Remove support for the deprecated `cargo contract generate-metadata` command - [#265](https://github.com/paritytech/cargo-contract/pull/265)
+- Remove pinned `funty` dependency from "new project" template - [#260](https://github.com/paritytech/cargo-contract/pull/260)
 
 ## [0.11.1] - 2021-04-06
 
diff --git a/Cargo.lock b/Cargo.lock
index eaf538e32607b5cca8ecbdf9d3acf67405d083c4..bd3d5c4624995c7c484ad143440e7e3f0616cdec 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -474,7 +474,7 @@ dependencies = [
 
 [[package]]
 name = "cargo-contract"
-version = "0.11.1"
+version = "0.12.0"
 dependencies = [
  "anyhow",
  "assert_matches",
diff --git a/Cargo.toml b/Cargo.toml
index 9d6df473a55f3fa4b665f0fa70a644680eae5c06..aa7154bf224456e24f41b8dae29232bfe7b258fd 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -3,7 +3,7 @@ members = [".", "metadata"]
 
 [package]
 name = "cargo-contract"
-version = "0.11.1"
+version = "0.12.0"
 authors = ["Parity Technologies <admin@parity.io>"]
 build = "build.rs"
 edition = "2018"