diff --git a/.github/workflows/release.yml b/.github/workflows/release.yml
index f9eeac8a..8cbca514 100644
--- a/.github/workflows/release.yml
+++ b/.github/workflows/release.yml
@@ -66,7 +66,7 @@ jobs:
         shell: bash
 
       - name: Prepare changelog and set new version version_number
-        uses: ./.github/workflows/release-prep.yml
+        uses: ../.github/workflows/release-prep.yml
         with:
           sha: ${{ github.sha }}
           version_number: ${{ inputs.version_number }}
diff --git a/dbt_common/__about__.py b/dbt_common/__about__.py
index 1e0a94dc..c203c5d8 100644
--- a/dbt_common/__about__.py
+++ b/dbt_common/__about__.py
@@ -1 +1 @@
-version = "7.2"
+version = "1.2.0"