diff --git a/CHANGELOG.md b/CHANGELOG.md
index da8479d..1bf56f5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,22 @@
 # NODES Release Notes
 All notable changes to this project will be documented in this file.
 
+## Version 1.2.0, Wed May 15, 2024
+The 1.2.0 version of NODES introduces several bug fixes and general improvements related to the nOS-V, ALPI, and ovni API integrations.
+
+### General
+- Use proper nOS-V labels, depending on the API's current call.
+- Improve error-handling of nOS-V return codes.
+- Improve ovni instrumentation through various fixes.
+- Use `ovni_thread_require` to request NODES model.
+- Require ovni version 1.5.0 or greater.
+
+### Bug Fixes
+- Fix non-descriptive task labels in ovni instrumentation by generating placeholders.
+- Fix a priority-clause related bug that caused executions to end abruptly.
+- Fix (through a temporary TLS solution) ALPI interoperability issues.
+
+
 ## Version 1.1.0, Wed Nov 22, 2023
 The 1.1.0 version of NODES introduces a major refactor of the `taskiter` construct along with many fixes for issues regarding the same construct and performance improvements.
 
diff --git a/README.md b/README.md
index 5b4ffa1..da54937 100644
--- a/README.md
+++ b/README.md
@@ -25,7 +25,7 @@ The following software is required to build and install NODES:
 
 Additionally, NODES is prepared to use the following optional libraries:
 
-1. [ovni](https://ovni.readthedocs.io/en/master/) to instrument and generate execution traces for offline performance analysis with paraver
+1. [ovni](https://ovni.readthedocs.io/en/master/) to instrument and generate execution traces for offline performance analysis with paraver. Minimum version required 1.5.0
 
 ### Build procedure
 
@@ -67,7 +67,7 @@ The development of NODES requires contributors to follow these few simple guidel
 
 ## Instrumenting with ovni
 
-For ovni to work properly in NODES, the used nOS-V installation must be configured with ovni support as well.
+For ovni to work properly in NODES, the used nOS-V installation must be configured with ovni support as well, with version 1.5.0 minimum.
 Once both nOS-V and NODES are configured with ovni support, nOS-V has to enable its own instrumentation. At the time of writing, this is done as follows:
 
 ```sh
diff --git a/configure.ac b/configure.ac
index 0affbc3..742fa67 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,11 +3,11 @@
 
 #	This file is part of NODES and is licensed under the terms contained in the COPYING file.
 #
-#	Copyright (C) 2021-2023 Barcelona Supercomputing Center (BSC)
+#	Copyright (C) 2021-2024 Barcelona Supercomputing Center (BSC)
 
 # NODES Version and Copyright
 
-m4_define([nodes_version], [1.1.0])
+m4_define([nodes_version], [1.2.0])
 m4_define([nodes_license], ["GPL3"])
 m4_define([nodes_copyright], ["2021 Barcelona Supercomputing Center (BSC)"])