diff --git a/CHANGELOG.md b/CHANGELOG.md
index fa8b6d17..2419c219 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.16.1] - 2022-10-11
+
 ### Added
 
 - Mark the app as subject to two step installation procedure.
@@ -169,7 +171,8 @@ reduce memory usage by downgrading Helm from 3.7.1 to 3.6.3
 
 - Initial release containing flux toolkit 0.5.9
 
-[Unreleased]: https://github.com/giantswarm/flux-app/compare/v0.16.0...HEAD
+[Unreleased]: https://github.com/giantswarm/flux-app/compare/v0.16.1...HEAD
+[0.16.1]: https://github.com/giantswarm/flux-app/compare/v0.16.0...v0.16.1
 [0.16.0]: https://github.com/giantswarm/flux-app/compare/v0.15.1...v0.16.0
 [0.15.1]: https://github.com/giantswarm/flux-app/compare/v0.15.0...v0.15.1
 [0.15.0]: https://github.com/giantswarm/flux-app/compare/v0.14.0...v0.15.0
diff --git a/helm/flux-app/Chart.yaml b/helm/flux-app/Chart.yaml
index b40de68a..055167e4 100644
--- a/helm/flux-app/Chart.yaml
+++ b/helm/flux-app/Chart.yaml
@@ -19,4 +19,4 @@ restrictions:
 sources:
   - https://github.com/fluxcd/flux2
 type: application
-version: 0.16.0
+version: 0.16.1