diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8134c0cc..e7b0c522 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,11 @@ SPDX-License-Identifier: CC0-1.0
 
 # PGPainless Changelog
 
+
+## 1.2.0-SNAPSHOT
+- Improve exception hierarchy for key-related exceptions
+  - See [PR](https://github.com/pgpainless/pgpainless/pull/261) for more information on how to migrate.
+
 ## 1.1.5
 - SOP encrypt: match signature type when using `encrypt --as=` option
 - `ProducerOptions.setEncoding()`: The encoding is henceforth only considered metadata and will no longer trigger CRLF encoding.
diff --git a/version.gradle b/version.gradle
index 9406a66b..2f1bd17d 100644
--- a/version.gradle
+++ b/version.gradle
@@ -4,7 +4,7 @@
 
 allprojects {
     ext {
-        shortVersion = '1.1.6'
+        shortVersion = '1.2.0'
         isSnapshot = true
         pgpainlessMinAndroidSdk = 10
         javaSourceCompatibility = 1.8