diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index a43b15a..03276cf 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "4.11.0"
+  ".": "4.12.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 63fa3e5..1c7cc00 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Changelog
 
+## [4.12.0](https://github.com/imagekit-developer/imagekit-ruby/compare/v4.11.0...v4.12.0) (2026-11-02)
+
+
+### Features
+
+* add GET /v1/tags to list media library tags ([e1a42da](https://github.com/imagekit-developer/imagekit-ruby/commit/e1a42da77bb7da5541197d121437e36ef8d50216))
+* **api:** add accounts.contract.get() for contract consumption ([c80613e](https://github.com/imagekit-developer/imagekit-ruby/commit/c80613eab38b19ecebdfa21574fa31efa9e82033))
+* **api:** add useImprovedLayerSpec to the Cloudinary URL rewriter ([c80613e](https://github.com/imagekit-developer/imagekit-ruby/commit/c80613eab38b19ecebdfa21574fa31efa9e82033))
+
 ## [4.11.0](https://github.com/imagekit-developer/imagekit-ruby/compare/v4.10.0...v4.11.0) (2026-10-19)
 
 
diff --git a/README.md b/README.md
index bb47a76..6f53131 100644
--- a/README.md
+++ b/README.md
@@ -46,7 +46,7 @@ To use this gem, install via Bundler by adding the following to your application
 <!-- x-release-please-start-version -->
 
 ```ruby
-gem "imagekitio", "~> 4.11.0"
+gem "imagekitio", "~> 4.12.0"
 ```
 
 <!-- x-release-please-end -->
diff --git a/lib/imagekitio/version.rb b/lib/imagekitio/version.rb
index 9a7d823..ddce5f5 100644
--- a/lib/imagekitio/version.rb
+++ b/lib/imagekitio/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module Imagekitio
-  VERSION = "4.11.0"
+  VERSION = "4.12.0"
 end