diff --git a/CHANGELOG.md b/CHANGELOG.md
index cb447ff4..f0e63698 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [1.2.0] - 2020-02-20
 ### Added
 - Add support for `--host` flag ([#20])
 
@@ -34,8 +35,9 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Added
 - Initial release
 
-[Unreleased]: https://github.com/GoogleCloudPlatform/functions-framework-python/compare/v1.1.1...HEAD
-[1.0.1]: https://github.com/GoogleCloudPlatform/functions-framework-python/releases/tag/v1.1.1
+[Unreleased]: https://github.com/GoogleCloudPlatform/functions-framework-python/compare/v1.2.0...HEAD
+[1.2.0]: https://github.com/GoogleCloudPlatform/functions-framework-python/releases/tag/v1.2.0
+[1.1.1]: https://github.com/GoogleCloudPlatform/functions-framework-python/releases/tag/v1.1.1
 [1.0.1]: https://github.com/GoogleCloudPlatform/functions-framework-python/releases/tag/v1.0.1
 [1.0.0]: https://github.com/GoogleCloudPlatform/functions-framework-python/releases/tag/v1.0.0
 
diff --git a/README.md b/README.md
index c4253959..ea5f3f83 100644
--- a/README.md
+++ b/README.md
@@ -45,7 +45,7 @@ pip install functions-framework
 Or, for deployment, add the Functions Framework to your `requirements.txt` file:
 
 ```
-functions-framework==1.1.1
+functions-framework==1.2.0
 ```
 
 # Quickstart: Hello, World on your local machine
diff --git a/setup.py b/setup.py
index c11c99ea..062c9748 100644
--- a/setup.py
+++ b/setup.py
@@ -25,7 +25,7 @@
 
 setup(
     name="functions-framework",
-    version="1.1.1",
+    version="1.2.0",
     description="An open source FaaS (Function as a service) framework for writing portable Python functions -- brought to you by the Google Cloud Functions team.",
     long_description=long_description,
     long_description_content_type="text/markdown",