diff --git a/CHANGELOG.md b/CHANGELOG.md
index f45fa4f740..5d974a5ba4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,33 @@
 # Changelog
 
+## [1.2.0] - April 12, 2021
+
+- **Important**: Use an SVG's view bounds to calculate its aspect ratio in `SvgDecoder`. ([#688](https://github.com/coil-kt/coil/pull/688))
+  - Previously, `SvgDecoder` used an SVG's `width`/`height` elements to determine its aspect ratio, however this doesn't correctly follow the SVG specification.
+  - To revert to the old behaviour set `useViewBoundsAsIntrinsicSize = false` when constructing your `SvgDecoder`.
+- **New**: Add `VideoFrameDecoder` to support decoding video frames from any source. ([#689](https://github.com/coil-kt/coil/pull/689))
+- **New**: Support automatic SVG detection using the source's contents instead of just the MIME type. ([#654](https://github.com/coil-kt/coil/pull/654))
+- **New**: Support sharing resources using `ImageLoader.newBuilder()`. ([#653](https://github.com/coil-kt/coil/pull/653))
+  - Importantly, this enables sharing memory caches between `ImageLoader` instances.
+- **New**: Add support for animated image transformations using `AnimatedTransformation`. ([#659](https://github.com/coil-kt/coil/pull/659))
+- **New**: Add support for start/end callbacks for animated drawables. ([#676](https://github.com/coil-kt/coil/pull/676))
+
+---
+
+- Fix parsing EXIF data for HEIF/HEIC files. ([#664](https://github.com/coil-kt/coil/pull/664))
+- Fix not using the `EmptyBitmapPool` implementation if bitmap pooling is disabled. ([#638](https://github.com/coil-kt/coil/pull/638))
+  - Without this fix bitmap pooling was still disabled properly, however it used a more heavyweight `BitmapPool` implementation.
+- Fix case where `MovieDrawable.getOpacity` would incorrectly return transparent. ([#682](https://github.com/coil-kt/coil/pull/682))
+- Guard against the default temporary directory not existing. ([#683](https://github.com/coil-kt/coil/pull/683))
+
+---
+
+- Build using the JVM IR backend. ([#670](https://github.com/coil-kt/coil/pull/670))
+- Update Kotlin (1.4.32).
+- Update Coroutines (1.4.3).
+- Update OkHttp (3.12.13).
+- Update `androidx.lifecycle:lifecycle-common-java8` to 2.3.1.
+
 ## [1.1.1] - January 11, 2021
 
 - Fix a case where `ViewSizeResolver.size` could throw an `IllegalStateException` due to resuming a coroutine more than once.
diff --git a/README-ko.md b/README-ko.md
index bf50577158..05ee0dfa7b 100644
--- a/README-ko.md
+++ b/README-ko.md
@@ -16,7 +16,7 @@ Coil은: **Co**routine **I**mage **L**oader의 약자입니다.
 Coil은 `mavenCentral()`로 이용 가능합니다.
 
 ```kotlin
-implementation("io.coil-kt:coil:1.1.1")
+implementation("io.coil-kt:coil:1.2.0")
 ```
 
 ## 빠른 시작
diff --git a/README-zh.md b/README-zh.md
index da4f7384d9..f034a05174 100644
--- a/README-zh.md
+++ b/README-zh.md
@@ -16,7 +16,7 @@ Coil 名字的由来：取 **Co**routine **I**mage **L**oader 首字母得来。
 Coil 可以在 `mavenCentral()` 下载
 
 ```kotlin
-implementation("io.coil-kt:coil:1.1.1")
+implementation("io.coil-kt:coil:1.2.0")
 ```
 
 ## 快速上手
diff --git a/README.md b/README.md
index 7f6da0bd88..8308527115 100644
--- a/README.md
+++ b/README.md
@@ -16,7 +16,7 @@ Made with ❤️ at [Instacart](https://www.instacart.com). Translations: [한
 Coil is available on `mavenCentral()`.
 
 ```kotlin
-implementation("io.coil-kt:coil:1.1.1")
+implementation("io.coil-kt:coil:1.2.0")
 ```
 
 ## Quick Start
diff --git a/coil-gif/README.md b/coil-gif/README.md
index 0551a94ac0..ee5458cdae 100644
--- a/coil-gif/README.md
+++ b/coil-gif/README.md
@@ -5,7 +5,7 @@ Unlike Glide, GIFs are not supported by default. However, Coil has an extension
 To add GIF support, import the extension library:
 
 ```kotlin
-implementation("io.coil-kt:coil-gif:1.1.1")
+implementation("io.coil-kt:coil-gif:1.2.0")
 ```
 
 And add the decoders to your component registry when constructing your `ImageLoader`:
diff --git a/coil-svg/README.md b/coil-svg/README.md
index c596a5c939..46f2a05fea 100644
--- a/coil-svg/README.md
+++ b/coil-svg/README.md
@@ -3,7 +3,7 @@
 To add SVG support, import the extension library:
 
 ```kotlin
-implementation("io.coil-kt:coil-svg:1.1.1")
+implementation("io.coil-kt:coil-svg:1.2.0")
 ```
 
 And add the decoder to your component registry when constructing your `ImageLoader`:
diff --git a/coil-video/README.md b/coil-video/README.md
index 4740271fed..752dc3c5ee 100644
--- a/coil-video/README.md
+++ b/coil-video/README.md
@@ -3,7 +3,7 @@
 To add video frame support, import the extension library:
 
 ```kotlin
-implementation("io.coil-kt:coil-video:1.1.1")
+implementation("io.coil-kt:coil-video:1.2.0")
 ```
 
 And add the two fetchers and the decoder to your component registry when constructing your `ImageLoader`:
diff --git a/gradle.properties b/gradle.properties
index 7051f1e615..75f3f562d5 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -16,7 +16,7 @@ compileSdk=30
 
 # Maven
 GROUP=io.coil-kt
-VERSION_NAME=1.2.0-SNAPSHOT
+VERSION_NAME=1.2.0
 
 POM_DESCRIPTION=An image loading library for Android backed by Kotlin Coroutines.
 POM_INCEPTION_YEAR=2019