diff --git a/CHANGELOG.md b/CHANGELOG.md
index afd15a19c..3d6155792 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,7 +5,7 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.1.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [r1.0.0] - 2024-05-03
+## [r1.0.1] - 2024-05-03
 
 ### Added
 
diff --git a/nemo_text_processing/package_info.py b/nemo_text_processing/package_info.py
index 774f86da6..5b1a16af2 100644
--- a/nemo_text_processing/package_info.py
+++ b/nemo_text_processing/package_info.py
@@ -15,7 +15,7 @@
 
 MAJOR = 1
 MINOR = 0
-PATCH = 0
+PATCH = 1
 PRE_RELEASE = 'r'
 
 # Use the following formatting: (major, minor, patch, pre-release)