diff --git a/deployment/sriov-network-operator/Chart.yaml b/deployment/sriov-network-operator/Chart.yaml
index 380a47bd3..16ca4b1e0 100644
--- a/deployment/sriov-network-operator/Chart.yaml
+++ b/deployment/sriov-network-operator/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 name: sriov-network-operator
 version: 0.1.0
 kubeVersion: '>= 1.16.0'
-appVersion: 1.1.0
+appVersion: 1.2.0
 description: SR-IOV network operator configures and manages SR-IOV networks in the kubernetes cluster
 type: application
 keywords: