diff --git a/CHANGELOG.md b/CHANGELOG.md
index 70aa6151..1aa03af8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,14 @@
+##### [Version 3.12.1](https://github.com/Codeinwp/optimole-wp/compare/v3.12.0...v3.12.1) (2023-12-21)
+
+### Enhancements
+
+- **Add Retries for Offloading Common Errors**: Implemented a feature to add retries to address common errors in the offloading process.
+
+
+### Fixes
+
+- **Fix Replacement in Elementor**: Resolved an issue where replacement in Elementor was not working in some cases
+
 #### [Version 3.12.0](https://github.com/Codeinwp/optimole-wp/compare/v3.11.3...v3.12.0) (2023-12-19)
 
 ### New Features
diff --git a/optimole-wp.php b/optimole-wp.php
index 99b2a84d..e4efefd5 100644
--- a/optimole-wp.php
+++ b/optimole-wp.php
@@ -2,7 +2,7 @@
 /**
  * Plugin Name:       Image optimization service by Optimole
  * Description:       Complete handling of your website images.
- * Version:           3.12.0
+ * Version:           3.12.1
  * Author:            Optimole
  * Author URI:        https://optimole.com
  * License:           GPL-2.0+
@@ -74,7 +74,7 @@ function optml() {
 	}
 	define( 'OPTML_URL', plugin_dir_url( __FILE__ ) );
 	define( 'OPTML_PATH', plugin_dir_path( __FILE__ ) );
-	define( 'OPTML_VERSION', '3.12.0' );
+	define( 'OPTML_VERSION', '3.12.1' );
 	define( 'OPTML_NAMESPACE', 'optml' );
 	define( 'OPTML_BASEFILE', __FILE__ );
 	// Fallback for old PHP versions when this constant is not defined.
diff --git a/package-lock.json b/package-lock.json
index 572a41ad..1ff8a43c 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "optimole-wp",
-  "version": "3.12.0",
+  "version": "3.12.1",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index 54c95f46..0e314ae8 100755
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "optimole-wp",
-  "version": "3.12.0",
+  "version": "3.12.1",
   "description": "Cloud-based image optimization service -  WordPress Integration",
   "repository": {
     "type": "git",
diff --git a/readme.txt b/readme.txt
index fc20472d..c398bf8c 100755
--- a/readme.txt
+++ b/readme.txt
@@ -148,6 +148,20 @@ Discover how to make the most of Otter Blocks with our detailed and user-friendl
 
 == Changelog ==
 
+##### [Version 3.12.1](https://github.com/Codeinwp/optimole-wp/compare/v3.12.0...v3.12.1) (2023-12-21)
+
+### Enhancements
+
+- **Add Retries for Offloading Common Errors**: Implemented a feature to add retries to address common errors in the offloading process.
+
+
+### Fixes
+
+- **Fix Replacement in Elementor**: Resolved an issue where replacement in Elementor was not working in some cases
+
+
+
+
 #### [Version 3.12.0](https://github.com/Codeinwp/optimole-wp/compare/v3.11.3...v3.12.0) (2023-12-19)
 
 ### New Features