diff --git a/CHANGELOG.md b/CHANGELOG.md
index fc7a3abcc..443a83ced 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,15 @@
 
 Entries are listed in reverse chronological order.
 
+## 1.2.1
+
+* Fix a bug in bucket index calculations in the Pippenger multiscalar algorithm
+  for very large input sizes.
+* Add a more extensive randomized multiscalar multiplication consistency check
+  to the test suite to prevent regressions.
+* Ensure that that multiscalar and NAF computations work correctly on extremal
+  `Scalar` values constructed via `from_bits`.
+
 ## 1.2.0
 
 * New multiscalar multiplication algorithm with better performance for
diff --git a/Cargo.toml b/Cargo.toml
index b2026d317..518a76e98 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "curve25519-dalek"
-version = "1.2.0"
+version = "1.2.1"
 authors = ["Isis Lovecruft <isis@patternsinthevoid.net>",
            "Henry de Valence <hdevalence@hdevalence.ca>"]
 readme = "README.md"