diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 8712e5ca..8984ddab 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -5,6 +5,38 @@ Kubernetes Collection Release Notes
 .. contents:: Topics
 
 
+v1.2.0
+======
+
+Minor Changes
+-------------
+
+- Adjust the documentation to clarify the fact ``wait_condition.status`` is a string.
+- Adjust the name of parameters of ``helm`` and ``helm_info`` to match the documentation. No playbook change required.
+- The Helm modules (``helm``, ``helm_info``, ``helm_plugin``, ``helm_plugin_info``, ``helm_plugin_repository``) accept the K8S environment variables like the other modules of the collections.
+- helm - add a ``skip_crds`` option to skip the installation of CRDs when installing or upgrading a chart (https://github.com/ansible-collections/community.kubernetes/issues/296).
+- helm - add optional support for helm diff (https://github.com/ansible-collections/community.kubernetes/issues/248).
+- helm_template - add helm_template module to support template functionality (https://github.com/ansible-collections/community.kubernetes/issues/367).
+- k8s - add a ``delete_options`` parameter to control garbage collection behavior when deleting a resource (https://github.com/ansible-collections/community.kubernetes/issues/253).
+- k8s - add an example for downloading manifest file and applying (https://github.com/ansible-collections/community.kubernetes/issues/352).
+- k8s - check if kubeconfig file is located on remote node or on Ansible Controller (https://github.com/ansible-collections/community.kubernetes/issues/307).
+- k8s - check if src file is located on remote node or on Ansible Controller (https://github.com/ansible-collections/community.kubernetes/issues/307).
+- k8s_exec - add a note about required permissions for the module (https://github.com/ansible-collections/community.kubernetes/issues/339).
+- k8s_info - add information about api_version while returning facts (https://github.com/ansible-collections/community.kubernetes/pull/308).
+- runtime.yml - update minimum Ansible version required for Kubernetes collection (https://github.com/ansible-collections/community.kubernetes/issues/314).
+
+Bugfixes
+--------
+
+- helm - ``release_values`` makes ansible always show changed state (https://github.com/ansible-collections/community.kubernetes/issues/274)
+- helm - make helm-diff plugin detection more reliable by splitting by any whitespace instead of explicit whitespace (``\s``) (https://github.com/ansible-collections/community.kubernetes/pull/362).
+- helm - return values in check mode when release is not present (https://github.com/ansible-collections/community.kubernetes/issues/280).
+- helm_plugin - make unused ``release_namespace`` parameter as optional (https://github.com/ansible-collections/community.kubernetes/issues/357).
+- helm_plugin_info - make unused ``release_namespace`` parameter as optional (https://github.com/ansible-collections/community.kubernetes/issues/357).
+- k8s - fix check_mode always showing changes when using stringData on Secrets (https://github.com/ansible-collections/community.kubernetes/issues/282).
+- k8s - handle ValueError when namespace is not provided (https://github.com/ansible-collections/community.kubernetes/pull/330).
+- respect the ``wait_timeout`` parameter in the ``k8s`` and ``k8s_info`` modules when a resource does not exist (https://github.com/ansible-collections/community.kubernetes/issues/344).
+
 v1.1.1
 ======
 
diff --git a/Makefile b/Makefile
index 26e675fe..75a7c9eb 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 # Also needs to be updated in galaxy.yml
-VERSION = 1.1.1
+VERSION = 1.2.0
 
 TEST_ARGS ?= ""
 PYTHON_VERSION ?= `python -c 'import platform; print("{0}.{1}".format(platform.python_version_tuple()[0], platform.python_version_tuple()[1]))'`
diff --git a/README.md b/README.md
index b51676f0..ab3d2fd7 100644
--- a/README.md
+++ b/README.md
@@ -48,7 +48,7 @@ You can also include it in a `requirements.yml` file and install it via `ansible
 ---
 collections:
   - name: community.kubernetes
-    version: 1.1.1
+    version: 1.2.0
 ```
 
 ### Installing the OpenShift Python Library
diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index 17ba48db..6ed156d2 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -252,3 +252,63 @@ releases:
     fragments:
     - 260_k8s-positional-args.yml
     release_date: '2020-10-09'
+  1.2.0:
+    changes:
+      bugfixes:
+      - helm - ``release_values`` makes ansible always show changed state (https://github.com/ansible-collections/community.kubernetes/issues/274)
+      - helm - make helm-diff plugin detection more reliable by splitting by any whitespace
+        instead of explicit whitespace (``\s``) (https://github.com/ansible-collections/community.kubernetes/pull/362).
+      - helm - return values in check mode when release is not present (https://github.com/ansible-collections/community.kubernetes/issues/280).
+      - helm_plugin - make unused ``release_namespace`` parameter as optional (https://github.com/ansible-collections/community.kubernetes/issues/357).
+      - helm_plugin_info - make unused ``release_namespace`` parameter as optional
+        (https://github.com/ansible-collections/community.kubernetes/issues/357).
+      - k8s - fix check_mode always showing changes when using stringData on Secrets
+        (https://github.com/ansible-collections/community.kubernetes/issues/282).
+      - k8s - handle ValueError when namespace is not provided (https://github.com/ansible-collections/community.kubernetes/pull/330).
+      - respect the ``wait_timeout`` parameter in the ``k8s`` and ``k8s_info`` modules
+        when a resource does not exist (https://github.com/ansible-collections/community.kubernetes/issues/344).
+      minor_changes:
+      - Adjust the documentation to clarify the fact ``wait_condition.status`` is
+        a string.
+      - Adjust the name of parameters of ``helm`` and ``helm_info`` to match the documentation.
+        No playbook change required.
+      - The Helm modules (``helm``, ``helm_info``, ``helm_plugin``, ``helm_plugin_info``,
+        ``helm_plugin_repository``) accept the K8S environment variables like the
+        other modules of the collections.
+      - helm - add a ``skip_crds`` option to skip the installation of CRDs when installing
+        or upgrading a chart (https://github.com/ansible-collections/community.kubernetes/issues/296).
+      - helm - add optional support for helm diff (https://github.com/ansible-collections/community.kubernetes/issues/248).
+      - helm_template - add helm_template module to support template functionality
+        (https://github.com/ansible-collections/community.kubernetes/issues/367).
+      - k8s - add a ``delete_options`` parameter to control garbage collection behavior
+        when deleting a resource (https://github.com/ansible-collections/community.kubernetes/issues/253).
+      - k8s - add an example for downloading manifest file and applying (https://github.com/ansible-collections/community.kubernetes/issues/352).
+      - k8s - check if kubeconfig file is located on remote node or on Ansible Controller
+        (https://github.com/ansible-collections/community.kubernetes/issues/307).
+      - k8s - check if src file is located on remote node or on Ansible Controller
+        (https://github.com/ansible-collections/community.kubernetes/issues/307).
+      - k8s_exec - add a note about required permissions for the module (https://github.com/ansible-collections/community.kubernetes/issues/339).
+      - k8s_info - add information about api_version while returning facts (https://github.com/ansible-collections/community.kubernetes/pull/308).
+      - runtime.yml - update minimum Ansible version required for Kubernetes collection
+        (https://github.com/ansible-collections/community.kubernetes/issues/314).
+    fragments:
+    - 280_helm_status.yml
+    - 307_remote_src.yml
+    - 308_k8s_info.yml
+    - 310-wait_condition.status_is_a_str.yaml
+    - 314_version.yml
+    - 319-helm-honors-HELM_-environment-variables.yaml
+    - 324-adjust-helm-and-helm_info-parameters-names.yaml
+    - 332_helm_changed_flag_takes_values_in_consideration.yaml
+    - 334-delete-options.yaml
+    - 343-secret-check-mode.yaml
+    - 349-skip-crds.yaml
+    - 352-k8s.yml
+    - 355-helm-diff.yaml
+    - 357_helm_plugin.yml
+    - 360-k8s_info-wait-timeout.yaml
+    - 361-k8s_exec-permission-hint.yaml
+    - 362-helm-has_plugin-fix.yaml
+    - 368-helm_template.yaml
+    - handle_valueerror.yml
+    release_date: '2021-02-17'
diff --git a/galaxy.yml b/galaxy.yml
index c27c45ce..9236d149 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -26,7 +26,7 @@ tags:
   - openshift
   - okd
   - cluster
-version: 1.1.1
+version: 1.2.0
 build_ignore:
   - .DS_Store
   - '*.tar.gz'
diff --git a/utils/downstream.sh b/utils/downstream.sh
index f96cf062..6bfa7872 100755
--- a/utils/downstream.sh
+++ b/utils/downstream.sh
@@ -9,7 +9,7 @@
 #       - All functions are prefixed with f_ so it's obvious where they come
 #         from when in use throughout the script
 
-DOWNSTREAM_VERSION="1.1.1"
+DOWNSTREAM_VERSION="1.2.0"
 KEEP_DOWNSTREAM_TMPDIR="${KEEP_DOWNSTREAM_TMPDIR:-''}"