diff --git a/deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/builds.camel.apache.org.crd.yaml b/deploy/olm-catalog/camel-k-dev/1.2.1/builds.camel.apache.org.crd.yaml
similarity index 100%
rename from deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/builds.camel.apache.org.crd.yaml
rename to deploy/olm-catalog/camel-k-dev/1.2.1/builds.camel.apache.org.crd.yaml
diff --git a/deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/camel-k.v1.2.1-snapshot.clusterserviceversion.yaml b/deploy/olm-catalog/camel-k-dev/1.2.1/camel-k.v1.2.1.clusterserviceversion.yaml
similarity index 98%
rename from deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/camel-k.v1.2.1-snapshot.clusterserviceversion.yaml
rename to deploy/olm-catalog/camel-k-dev/1.2.1/camel-k.v1.2.1.clusterserviceversion.yaml
index d762eeb..fbc965a 100644
--- a/deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/camel-k.v1.2.1-snapshot.clusterserviceversion.yaml
+++ b/deploy/olm-catalog/camel-k-dev/1.2.1/camel-k.v1.2.1.clusterserviceversion.yaml
@@ -157,14 +157,14 @@
     capabilities: Full Lifecycle
     categories: Integration & Delivery
     certified: "false"
-    containerImage: docker.io/apache/camel-k:1.2.1-SNAPSHOT
+    containerImage: docker.io/apache/camel-k:1.2.1
     createdAt: "2020-06-09T02:45:00Z"
     description: Apache Camel K is a lightweight integration platform, born on Kubernetes,
       with serverless superpowers.
     repository: https://github.com/apache/camel-k
     operators.operatorframework.io/internal-objects: '["builds.camel.apache.org","integrationkits.camel.apache.org","camelcatalogs.camel.apache.org"]'
     support: Camel
-  name: camel-k-operator.v1.2.1-snapshot
+  name: camel-k-operator.v1.2.1
   namespace: placeholder
 spec:
   relatedImages:
@@ -312,7 +312,7 @@
                   valueFrom:
                     fieldRef:
                       fieldPath: metadata.namespace
-                image: docker.io/apache/camel-k:1.2.1-SNAPSHOT
+                image: docker.io/apache/camel-k:1.2.1
                 imagePullPolicy: IfNotPresent
                 name: camel-k-operator
                 resources: {}
@@ -564,4 +564,4 @@
   selector:
     matchLabels:
       name: camel-k-operator
-  version: 1.2.1-snapshot
+  version: 1.2.1
diff --git a/deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/camelcatalogs.camel.apache.org.crd.yaml b/deploy/olm-catalog/camel-k-dev/1.2.1/camelcatalogs.camel.apache.org.crd.yaml
similarity index 100%
rename from deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/camelcatalogs.camel.apache.org.crd.yaml
rename to deploy/olm-catalog/camel-k-dev/1.2.1/camelcatalogs.camel.apache.org.crd.yaml
diff --git a/deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/integrationkits.camel.apache.org.crd.yaml b/deploy/olm-catalog/camel-k-dev/1.2.1/integrationkits.camel.apache.org.crd.yaml
similarity index 100%
rename from deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/integrationkits.camel.apache.org.crd.yaml
rename to deploy/olm-catalog/camel-k-dev/1.2.1/integrationkits.camel.apache.org.crd.yaml
diff --git a/deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/integrationplatforms.camel.apache.org.crd.yaml b/deploy/olm-catalog/camel-k-dev/1.2.1/integrationplatforms.camel.apache.org.crd.yaml
similarity index 100%
rename from deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/integrationplatforms.camel.apache.org.crd.yaml
rename to deploy/olm-catalog/camel-k-dev/1.2.1/integrationplatforms.camel.apache.org.crd.yaml
diff --git a/deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/integrations.camel.apache.org.crd.yaml b/deploy/olm-catalog/camel-k-dev/1.2.1/integrations.camel.apache.org.crd.yaml
similarity index 100%
rename from deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/integrations.camel.apache.org.crd.yaml
rename to deploy/olm-catalog/camel-k-dev/1.2.1/integrations.camel.apache.org.crd.yaml
diff --git a/deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/kameletbindings.camel.apache.org.crd.yaml b/deploy/olm-catalog/camel-k-dev/1.2.1/kameletbindings.camel.apache.org.crd.yaml
similarity index 100%
rename from deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/kameletbindings.camel.apache.org.crd.yaml
rename to deploy/olm-catalog/camel-k-dev/1.2.1/kameletbindings.camel.apache.org.crd.yaml
diff --git a/deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/kamelets.camel.apache.org.crd.yaml b/deploy/olm-catalog/camel-k-dev/1.2.1/kamelets.camel.apache.org.crd.yaml
similarity index 100%
rename from deploy/olm-catalog/camel-k-dev/1.2.1-snapshot/kamelets.camel.apache.org.crd.yaml
rename to deploy/olm-catalog/camel-k-dev/1.2.1/kamelets.camel.apache.org.crd.yaml
diff --git a/deploy/olm-catalog/camel-k-dev/camel-k-dev.package.yaml b/deploy/olm-catalog/camel-k-dev/camel-k-dev.package.yaml
index aee28ee..f9014a3 100644
--- a/deploy/olm-catalog/camel-k-dev/camel-k-dev.package.yaml
+++ b/deploy/olm-catalog/camel-k-dev/camel-k-dev.package.yaml
@@ -16,7 +16,7 @@
 # ---------------------------------------------------------------------------
 
 channels:
-- currentCSV: camel-k-operator.v1.2.1-snapshot
+- currentCSV: camel-k-operator.v1.2.1
   name: stable
 defaultChannel: stable
 packageName: camel-k-dev
diff --git a/deploy/operator-deployment.yaml b/deploy/operator-deployment.yaml
index 8d424e2..78ff00d 100644
--- a/deploy/operator-deployment.yaml
+++ b/deploy/operator-deployment.yaml
@@ -39,7 +39,7 @@
       serviceAccountName: camel-k-operator
       containers:
         - name: camel-k-operator
-          image: docker.io/apache/camel-k:1.2.1-SNAPSHOT
+          image: docker.io/apache/camel-k:1.2.1
           command:
           - kamel
           - operator
diff --git a/deploy/resources.go b/deploy/resources.go
index aa22285..be40a76 100644
--- a/deploy/resources.go
+++ b/deploy/resources.go
@@ -161,9 +161,9 @@
 		"/operator-deployment.yaml": &vfsgen۰CompressedFileInfo{
 			name:             "operator-deployment.yaml",
 			modTime:          time.Time{},
-			uncompressedSize: 2148,
+			uncompressedSize: 2139,
 
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+			compressedContent: []byte("\x1f\x8b\x08\x00\x00\x00\x00\x00\x00\xff\xbc\x54\xc1\x6e\xe3\x36\x14\xbc\xeb\x2b\x06\xd6\x65\x17\x88\xed\x66\x8f\xea\x49\x4d\x1c\xac\xd0\xad\x6c\x58\xde\x06\x7b\x2a\x5e\xa8\x27\x89\x08\x45\xaa\x24\x15\xad\xfe\xbe\xa0\x6c\xc7\x76\x36\x9b\xf6\x10\x94\x27\x9b\x1c\xce\x9b\x79\xf3\xc4\x18\xf3\xf7\x5b\x51\x8c\x2f\x52\xb0\x76\x5c\xc2\x1b\xf8\x86\x91\x76\x24\x1a\x46\x61\x2a\x3f\x90\x65\xdc\x99\x5e\x97\xe4\xa5\xd1\xf8\x90\x16\x77\x1f\xd1\xeb\x92\x2d\x8c\x66\x18\x8b\xd6\x58\x8e\x62\x08\xa3\xbd\x95\x0f\xbd\x37\x16\x6a\x4f\x08\xaa\x2d\x73\xcb\xda\xbb\x05\x50\x30\x4f\xec\xf9\x7a\x97\xdd\xac\x50\x49\xc5\x28\xa5\xdb\x5f\xe2\x12\x83\xf4\x4d\x14\xc3\x37\xd2\x61\x30\xf6\x11\x95\xb1\xa0\xb2\x94\xa1\x30\x29\x48\x5d\x19\xdb\xee\x65\x58\xae\xc9\x96\x52\xd7\x10\xa6\x1b\xad\xac\x1b\x0f\x33\x68\xb6\xae\x91\xdd\x22\x8a\xb1\x0b\x36\x8a\xbb\xa3\x12\xb7\xa7\x9d\x6a\x7a\x83\x6f\xa6\x3f\x78\x38\xb3\x7b\xe8\xc2\x15\xfe\x64\xeb\x42\x91\x4f\x8b\x5f\xa2\x18\x1f\x02\x64\x76\x38\x9c\x7d\xfc\x15\xa3\xe9\xd1\xd2\x08\x6d\x3c\x7a\xc7\x67\xcc\xfc\x5d\x70\xe7\x21\x35\x84\x69\x3b\x25\x49\x0b\x3e\xd9\x7a\xae\xb0\xc0\x24\x20\x70\x98\x07\x4f\x52\x83\x26\x1b\x30\xd5\x39\x0c\xe4\xa3\x38\x8a\x31\xad\xc6\xfb\x2e\x59\x2e\x87\x61\x58\xd0\x24\x77\x61\x6c\xbd\x3c\xba\x5b\x7e\xc9\x6e\x56\x79\xb1\x9a\x4f\x92\xa3\x18\x5f\xb5\x62\xe7\x60\xf9\xef\x5e\x5a\x2e\xf1\x30\x82\xba\x4e\x49\x41\x0f\x8a\xa1\x68\x08\xc1\x4d\xe9\x4c\xa1\x4b\x8d\xc1\x4a\x2f\x75\x7d\x05\x77\x48\x3d\x8a\x2f\xd2\x39\xb5\xeb\x28\x4f\xba\x0b\x80\xd1\x20\x8d\x59\x5a\x20\x2b\x66\xf8\x2d\x2d\xb2\xe2\x2a\x8a\x71\x9f\xed\x3e\xaf\xbf\xee\x70\x9f\x6e\xb7\x69\xbe\xcb\x56\x05\xd6\x5b\xdc\xac\xf3\xdb\x6c\x97\xad\xf3\x02\xeb\x3b\xa4\xf9\x37\xfc\x9e\xe5\xb7\x57\x60\xe9\x1b\xb6\xe0\xef\x9d\x0d\xfa\x8d\x85\x0c\x8d\xe4\x32\x64\x7a\x1c\xa0\xa3\x80\x30\x1f\xe1\xbf\xeb\x58\xc8\x4a\x0a\x28\xd2\x75\x4f\x35\xa3\x36\x4f\x6c\x75\x18\x8f\x8e\x6d\x2b\x5d\x88\xd3\x81\x74\x19\xc5\x50\xb2\x95\x7e\x9a\x22\xf7\xa3\xa9\x50\xe6\x3d\xbf\xad\x88\x3a\x79\x18\xa7\x24\x24\xe0\x96\x4f\xd7\xd1\xa3\xd4\x65\x82\x5b\xee\x94\x19\xc3\xc7\x11\xb5\xec\xa9\x24\x4f\x49\x04\x68\x6a\x39\x81\xa0\x96\xd5\xfc\x71\x6e\x3a\xb6\xe4\x8d\x8d\x00\x45\x0f\xac\x5c\x80\x20\x30\x25\x98\x1d\x40\xb3\x69\x6b\xfa\x73\x3e\x1b\x61\x04\x8d\x66\xed\x13\x3c\xb3\x84\x4e\x05\x06\xcb\xd3\x2c\xb8\x04\xd7\x11\xe0\xbc\x25\xcf\xf5\xb8\xe7\xf6\x63\xc7\x09\xb6\x2c\x2c\x93\xe7\x70\xcc\x8a\x85\x37\x76\x7f\xdc\x92\x17\xcd\x97\x33\x2d\x6f\x48\xf6\xdc\x76\x8a\x3c\x1f\x6e\x9e\xb9\x0c\x4b\x5d\x90\xbc\x41\xb3\x5f\xff\xc9\xe0\x11\xfc\x4a\x83\x8e\xde\xa7\xdf\x6c\x9f\xa4\xe0\x54\x08\xd3\x6b\x9f\xbf\x55\x38\x3c\x6b\x24\xc3\xcb\x72\x52\x3a\xff\x37\xad\x80\x6c\xa9\xe6\x04\xa5\x11\x8f\x6c\x17\xd2\x2c\xf7\xc2\x97\x87\x2b\xc9\xf5\xe2\xd3\xe2\xfa\x0c\x2f\x4c\xdb\x92\x2e\x93\xb3\xad\x39\x1e\x03\xf8\x62\xe7\x67\x95\x36\xbd\x52\x1b\xa3\xa4\x18\x13\x64\x55\x6e\xfc\xc6\xb2\x0b\xa3\x75\xc2\xb1\x7e\x3a\x67\x3f\xb9\xb8\x4f\x77\x37\x9f\xff\xca\xd3\x3f\x56\xc5\x26\xbd\x59\x5d\x60\x80\x27\x52\x3d\xdf\x59\xd3\x26\x2f\x0e\x80\x4a\xb2\x2a\xb7\x5c\xfd\x78\x72\x38\xdb\x90\x6f\x92\xe7\xdc\x17\xa1\x9c\xeb\x48\xf0\xab\x32\xd6\x9b\xd5\x36\xdd\xad\xb7\x93\x92\xd7\x44\xbc\x0c\xf4\x25\xc1\x66\x7d\xfb\xd3\xbb\xef\x67\xe0\x02\x1a\xe3\xb9\x6d\xe1\x39\x24\x35\xd0\xe8\xa6\xf7\xe4\x18\x14\x9e\x4d\x5f\x41\xea\x92\x3b\xd6\x25\x6b\xaf\x46\x54\xd6\xb4\x6f\xf6\xfe\xe8\xeb\x7f\x4d\xe6\x9f\x00\x00\x00\xff\xff\x5f\x0a\x4a\x29\x5b\x08\x00\x00"),
 		},
 		"/operator-role-binding-events.yaml": &vfsgen۰CompressedFileInfo{
 			name:             "operator-role-binding-events.yaml",
diff --git a/go.mod b/go.mod
index 6f7778c..4647d56 100644
--- a/go.mod
+++ b/go.mod
@@ -4,8 +4,8 @@
 
 require (
 	github.com/Masterminds/semver v1.5.0
-	github.com/apache/camel-k/pkg/apis/camel v1.2.0
-	github.com/apache/camel-k/pkg/client/camel v1.2.0
+	github.com/apache/camel-k/pkg/apis/camel v1.2.1
+	github.com/apache/camel-k/pkg/client/camel v1.2.1
 	github.com/container-tools/spectrum v0.3.2
 	github.com/evanphx/json-patch v4.9.0+incompatible
 	github.com/fatih/structs v1.1.0
diff --git a/helm/camel-k/Chart.yaml b/helm/camel-k/Chart.yaml
index 503ea6e..3006b76 100644
--- a/helm/camel-k/Chart.yaml
+++ b/helm/camel-k/Chart.yaml
@@ -35,7 +35,7 @@
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
-appVersion: 1.2.1-SNAPSHOT
+appVersion: 1.2.1
 
 icon: https://github.com/apache/camel/raw/master/docs/img/logo64-d.png
 home: https://camel.apache.org/camel-k/latest/
diff --git a/helm/camel-k/values.yaml b/helm/camel-k/values.yaml
index bfa7124..f9f0476 100644
--- a/helm/camel-k/values.yaml
+++ b/helm/camel-k/values.yaml
@@ -23,7 +23,7 @@
 fullnameOverride: ""
 
 operator:
-  image: docker.io/apache/camel-k:1.2.1-SNAPSHOT
+  image: docker.io/apache/camel-k:1.2.1
 
 platform:
   build:
diff --git a/pkg/client/camel/go.mod b/pkg/client/camel/go.mod
index 8755aaf..9e05482 100644
--- a/pkg/client/camel/go.mod
+++ b/pkg/client/camel/go.mod
@@ -3,7 +3,7 @@
 go 1.13
 
 require (
-	github.com/apache/camel-k/pkg/apis/camel v1.2.0
+	github.com/apache/camel-k/pkg/apis/camel v1.2.1
 	k8s.io/apimachinery v0.18.9
 	k8s.io/client-go v0.18.9
 	k8s.io/code-generator v0.18.9 // indirect
diff --git a/pkg/util/defaults/defaults.go b/pkg/util/defaults/defaults.go
index 6527204..a8f8133 100644
--- a/pkg/util/defaults/defaults.go
+++ b/pkg/util/defaults/defaults.go
@@ -23,7 +23,7 @@
 
 const (
 	// Version --
-	Version = "1.2.1-SNAPSHOT"
+	Version = "1.2.1"
 
 	// DefaultRuntimeVersion --
 	DefaultRuntimeVersion = "1.5.0"
diff --git a/script/Makefile b/script/Makefile
index 16a7bc6..b9b56b2 100644
--- a/script/Makefile
+++ b/script/Makefile
@@ -14,7 +14,7 @@
 # limitations under the License.
 
 VERSIONFILE := pkg/util/defaults/defaults.go
-VERSION := 1.2.1-SNAPSHOT
+VERSION := 1.2.1
 LAST_RELEASED_VERSION := 1.2.0
 RUNTIME_VERSION := 1.5.0
 BUILDAH_VERSION := 1.14.0