diff --git a/release_notes.md b/release_notes.md
index 8ea3996..59a9b8d 100644
--- a/release_notes.md
+++ b/release_notes.md
@@ -1,5 +1,8 @@
 # 1.2
 
+## 1.2.1 2024-08-20
+- bugfix waveform extraction: fix logic when channel labels is not None
+
 ## 1.2.0 2024-08-01
 - Adds `ibldsp.waveform_extraction.WaveformsLoader`, an interface for waveforms extracted by `extract_wfs_cbin`.
 
diff --git a/setup.py b/setup.py
index df09000..d3e049e 100644
--- a/setup.py
+++ b/setup.py
@@ -8,7 +8,7 @@
 
 setuptools.setup(
     name="ibl-neuropixel",
-    version="1.2.0",
+    version="1.2.1",
     author="The International Brain Laboratory",
     description="Collection of tools for Neuropixel 1.0 and 2.0 probes data",
     long_description=long_description,