diff --git a/CHANGELOG.next.toml b/CHANGELOG.next.toml
index fc4c4c2578..db78aba957 100644
--- a/CHANGELOG.next.toml
+++ b/CHANGELOG.next.toml
@@ -9,4 +9,10 @@
 # message = "Fix typos in module documentation for generated crates"
 # references = ["smithy-rs#920"]
 # meta = { "breaking" = false, "tada" = false, "bug" = false, "target" = "client | server | all"}
-# author = "rcoh"
\ No newline at end of file
+# author = "rcoh"
+
+[[smithy-rs]]
+message = "Increased minimum version of wasi crate dependency in aws-smithy-wasm to 0.12.1."
+references = ["smithy-rs#3476"]
+meta = { "breaking" = false, "tada" = false, "bug" = false }
+authors = ["landonxjames"]
diff --git a/rust-runtime/aws-smithy-wasm/Cargo.toml b/rust-runtime/aws-smithy-wasm/Cargo.toml
index 12a5bd2bae..bf4602baec 100644
--- a/rust-runtime/aws-smithy-wasm/Cargo.toml
+++ b/rust-runtime/aws-smithy-wasm/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "aws-smithy-wasm"
-version = "0.1.0"
+version = "0.1.1"
 authors = [
   "AWS Rust SDK Team <aws-sdk-rust@amazon.com>",
   "Eduardo Rodrigues <16357187+eduardomourar@users.noreply.github.com>",
@@ -19,7 +19,7 @@ http = "1.0.0"
 tracing = "0.1.40"
 # Note the wasi crate will only build for target wasm32-wasi, but having a target
 # statement here breaks some of the CI tests, so we leave it with the rest of the deps
-wasi = "0.12.0" # This is build on wasi-0.2.0
+wasi = "0.12.1" # This is build on wasi-0.2.0
 
 [package.metadata.docs.rs]
 all-features = true