diff --git a/config/manager/manager.yaml b/config/manager/manager.yaml
index ba14e23..d6d662d 100644
--- a/config/manager/manager.yaml
+++ b/config/manager/manager.yaml
@@ -76,7 +76,7 @@ spec:
           - name: GRPC_IMAGE
             value: gcr.io/tfx-oss-public/ml_metadata_store_server:1.14.0
           - name: REST_IMAGE
-            value: quay.io/opendatahub/model-registry:latest
+            value: quay.io/opendatahub/model-registry:v0.1.2
           - name: ENABLE_WEBHOOKS
             value: "false"
         securityContext:
diff --git a/config/overlays/odh/params.env b/config/overlays/odh/params.env
index 6f63341..406413a 100644
--- a/config/overlays/odh/params.env
+++ b/config/overlays/odh/params.env
@@ -1,3 +1,3 @@
-IMAGES_MODELREGISTRY_OPERATOR=quay.io/opendatahub/model-registry-operator:latest
+IMAGES_MODELREGISTRY_OPERATOR=quay.io/opendatahub/model-registry-operator:v0.1.2
 IMAGES_GRPC_SERVICE=gcr.io/tfx-oss-public/ml_metadata_store_server:1.14.0
-IMAGES_REST_SERVICE=quay.io/opendatahub/model-registry:latest
\ No newline at end of file
+IMAGES_REST_SERVICE=quay.io/opendatahub/model-registry:v0.1.2
\ No newline at end of file
diff --git a/internal/controller/config/defaults.go b/internal/controller/config/defaults.go
index 60fc0ff..a01018a 100644
--- a/internal/controller/config/defaults.go
+++ b/internal/controller/config/defaults.go
@@ -18,10 +18,11 @@ package config
 
 import (
 	"embed"
+	"text/template"
+
 	"github.com/spf13/viper"
 	v1 "k8s.io/api/core/v1"
 	"k8s.io/apimachinery/pkg/api/resource"
-	"text/template"
 )
 
 //go:embed templates/*.yaml.tmpl
@@ -31,7 +32,7 @@ const (
 	GrpcImage        = "GRPC_IMAGE"
 	RestImage        = "REST_IMAGE"
 	DefaultGrpcImage = "gcr.io/tfx-oss-public/ml_metadata_store_server:1.14.0"
-	DefaultRestImage = "quay.io/opendatahub/model-registry:latest"
+	DefaultRestImage = "quay.io/opendatahub/model-registry:v0.1.2"
 	RouteDisabled    = "disabled"
 	RouteEnabled     = "enabled"
 )