diff --git a/manager/eris-mint/version.go b/manager/eris-mint/version.go
index 734e5cea30254f5e501a9b2461644eced8033e84..ac4b5855c68858121b2403c22b8dd0d5fa02f20c 100644
--- a/manager/eris-mint/version.go
+++ b/manager/eris-mint/version.go
@@ -28,7 +28,7 @@ const (
 	// Minor version component of the current release
 	erisMintVersionMinor = 16
 	// Patch version component of the current release
-	erisMintVersionPatch = 0
+	erisMintVersionPatch = 1
 )
 
 // Define the compatible consensus engines this application manager
diff --git a/version/version.go b/version/version.go
index 103c787d173a6f9b82a8aad73fd90a1266e7ad56..200259900e2e7d83ccf7963f0560750c2f5ca714 100644
--- a/version/version.go
+++ b/version/version.go
@@ -32,7 +32,7 @@ const (
 	// Minor version component of the current release
 	erisVersionMinor = 16
 	// Patch version component of the current release
-	erisVersionPatch = 0
+	erisVersionPatch = 1
 )
 
 var erisVersion *VersionIdentifier
@@ -127,4 +127,4 @@ func (version *VersionIdentifier) MatchesMinorVersion(
 
 // IMPORTANT: Eris-DB version must be on the last line of this file for
 // the deployment script tests/build_tool.sh to pick up the right label.
-const VERSION = "0.16.0"
+const VERSION = "0.16.1"