diff --git a/README.md b/README.md
index a2967e22c..f1a9dfc83 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # PnP Framework
 
-**PnP Framework** is a .NET Standard 2.0 / .NET 5.0 / .NET 6.0 / .NET 7.0 library targeting Microsoft 365 containing the PnP Provisioning engine and a ton of other useful extensions. This library is the cross platform successor of the [PnP-Sites-Core](https://github.com/PnP/PnP-Sites-Core) library. The original [PnP-Sites-Core](https://github.com/PnP/PnP-Sites-Core) library only works on Windows (due to the dependency on .Net Framework) and supports SharePoint on-premises and SharePoint Online, while this library will work cross platform but only supports SharePoint Online. Going forward we'll only be **actively maintaining PnP Framework**, the [PnP-Sites-Core](https://github.com/PnP/PnP-Sites-Core) library is retired and archived.
+**PnP Framework** is a .NET Standard 2.0 / .NET 6.0 / .NET 7.0 library targeting Microsoft 365 containing the PnP Provisioning engine and a ton of other useful extensions. This library is the cross platform successor of the [PnP-Sites-Core](https://github.com/PnP/PnP-Sites-Core) library. The original [PnP-Sites-Core](https://github.com/PnP/PnP-Sites-Core) library only works on Windows (due to the dependency on .Net Framework) and supports SharePoint on-premises and SharePoint Online, while this library will work cross platform but only supports SharePoint Online. Going forward we'll only be **actively maintaining PnP Framework**, the [PnP-Sites-Core](https://github.com/PnP/PnP-Sites-Core) library is retired and archived.
 
 Next to PnP Framework that will be replacing [PnP-Sites-Core](https://github.com/PnP/PnP-Sites-Core) we're also building a brand new [PnP Core SDK](https://github.com/pnp/pnpcore) that targets modern .NET development and which will work everywhere where .NET will run. This library is the long term evolution of PnP Framework, we'll enable a phased transition from PnP Framework to [PnP Core SDK](https://github.com/pnp/pnpcore) without impacting PnP Framework users.
 
diff --git a/build/version.debug b/build/version.debug
index 8d7cd9d11..314d27d1a 100644
--- a/build/version.debug
+++ b/build/version.debug
@@ -1 +1 @@
-1.11.{incremental}-nightly
\ No newline at end of file
+1.12.{incremental}-nightly
\ No newline at end of file
diff --git a/build/version.debug.increment b/build/version.debug.increment
index 70e1a64c2..c22708346 100644
--- a/build/version.debug.increment
+++ b/build/version.debug.increment
@@ -1 +1 @@
-144
\ No newline at end of file
+0
\ No newline at end of file
diff --git a/build/version.release.increment b/build/version.release.increment
index 9d607966b..3cacc0b93 100644
--- a/build/version.release.increment
+++ b/build/version.release.increment
@@ -1 +1 @@
-11
\ No newline at end of file
+12
\ No newline at end of file
diff --git a/src/lib/CHANGELOG.md b/src/lib/CHANGELOG.md
index 95d63e146..d2cb512a5 100644
--- a/src/lib/CHANGELOG.md
+++ b/src/lib/CHANGELOG.md
@@ -6,7 +6,7 @@ All notable changes to this project will be documented in this file.
 
 The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 
-## [Unreleased]
+## [1.12.0]
 
 ## Added
 
diff --git a/src/lib/PnP.Framework.Test/PnP.Framework.Test.csproj b/src/lib/PnP.Framework.Test/PnP.Framework.Test.csproj
index d0a8a66e5..606ea051e 100644
--- a/src/lib/PnP.Framework.Test/PnP.Framework.Test.csproj
+++ b/src/lib/PnP.Framework.Test/PnP.Framework.Test.csproj
@@ -186,7 +186,7 @@
 		<PackageReference Include="PrivateObjectExtensions" Version="1.4.0" />
 		<PackageReference Include="System.Configuration.ConfigurationManager" Version="6.0.1" />
 		<PackageReference Include="System.Security.Cryptography.Xml" Version="6.0.0" />
-		<PackageReference Include="PnP.Core" Version="1.8.*-*" Condition="'$(PnPCoreSdkPath)' == ''" />
+		<PackageReference Include="PnP.Core" Version="1.9.*-*" Condition="'$(PnPCoreSdkPath)' == ''" />
 	</ItemGroup>
 
 	<ItemGroup>
diff --git a/src/lib/PnP.Framework/PnP.Framework.csproj b/src/lib/PnP.Framework/PnP.Framework.csproj
index fca84af58..1cb6ab7bd 100644
--- a/src/lib/PnP.Framework/PnP.Framework.csproj
+++ b/src/lib/PnP.Framework/PnP.Framework.csproj
@@ -5,7 +5,7 @@
 		<LangVersion>10.0</LangVersion>
 		<RootNamespace>PnP.Framework</RootNamespace>
 		<AssemblyName>PnP.Framework</AssemblyName>
-		<Version>1.11.0</Version>
+		<Version>1.12.0</Version>
 		<Authors>PnP</Authors>
 		<Copyright>PnP 2023</Copyright>
 		<Description>PnP Framework contains the PnP Provisioning engine and a ton of extension methods that will make you more productive while developing for Microsoft 365.</Description>
@@ -243,7 +243,7 @@
 		<PackageReference Include="Microsoft.Identity.Client" Version="4.50.0" />
 		<PackageReference Include="Microsoft.SharePointOnline.CSOM" Version="16.1.*" />
 		<PackageReference Include="Newtonsoft.Json" Version="13.0.1" />
-		<PackageReference Include="PnP.Core" Version="1.8.*-*" Condition="'$(PnPCoreSdkPath)' == ''" />
+		<PackageReference Include="PnP.Core" Version="1.9.*-*" Condition="'$(PnPCoreSdkPath)' == ''" />
 		<PackageReference Include="Portable.Xaml" Version="0.26.0" />
 		<PackageReference Include="System.IdentityModel.Tokens.Jwt" Version="6.27.0" />
 	</ItemGroup>
diff --git a/version.release.increment b/version.release.increment
deleted file mode 100644
index 9a037142a..000000000
--- a/version.release.increment
+++ /dev/null
@@ -1 +0,0 @@
-10
\ No newline at end of file