diff --git a/Cargo.lock b/Cargo.lock
index 11e2398e09..deea16daeb 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4004,7 +4004,7 @@ dependencies = [
 
 [[package]]
 name = "nym-vesting-contract"
-version = "1.2.0-pre.0"
+version = "1.2.0-pre.1"
 dependencies = [
  "cosmwasm-std",
  "cw-storage-plus",
diff --git a/contracts/vesting/Cargo.toml b/contracts/vesting/Cargo.toml
index 3ed2e186c9..4c72da5a4e 100644
--- a/contracts/vesting/Cargo.toml
+++ b/contracts/vesting/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "nym-vesting-contract"
-version = "1.2.0-pre.0"
+version = "1.2.0-pre.1"
 description = "Nym vesting contract"
 edition = { workspace = true }
 authors = { workspace = true }