diff --git a/VERSION b/VERSION
index 9147529c7..17e51c385 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.2.0+devel
+0.1.1
diff --git a/fairseq2n/CMakeLists.txt b/fairseq2n/CMakeLists.txt
index 1e7b7f79d..007bb4c5d 100644
--- a/fairseq2n/CMakeLists.txt
+++ b/fairseq2n/CMakeLists.txt
@@ -6,7 +6,7 @@
 
 cmake_minimum_required(VERSION 3.21.0)
 
-project(fairseq2n VERSION 0.2.0 LANGUAGES C CXX)
+project(fairseq2n VERSION 0.1.1 LANGUAGES C CXX)
 
 if(NOT CMAKE_BUILD_TYPE AND NOT CMAKE_CONFIGURATION_TYPES)
     set_property(CACHE CMAKE_BUILD_TYPE PROPERTY VALUE RelWithDebInfo)
diff --git a/fairseq2n/python/setup.py b/fairseq2n/python/setup.py
index b049a6327..8e85d70a8 100644
--- a/fairseq2n/python/setup.py
+++ b/fairseq2n/python/setup.py
@@ -136,7 +136,7 @@ def get_inputs(self) -> List[str]:
         "install_cmake": install_cmake,
     },
     name="fairseq2n",
-    version="0.2.0+devel",
+    version="0.1.1",
     description="FAIR Sequence Modeling Toolkit (Native)",
     long_description="https://github.com/facebookresearch/fairseq2",
     long_description_content_type="text/plain",
diff --git a/fairseq2n/python/src/fairseq2n/__init__.py b/fairseq2n/python/src/fairseq2n/__init__.py
index 250f41a82..7752c6452 100644
--- a/fairseq2n/python/src/fairseq2n/__init__.py
+++ b/fairseq2n/python/src/fairseq2n/__init__.py
@@ -13,7 +13,7 @@
 from pathlib import Path
 from typing import List, Optional, Tuple
 
-__version__ = "0.2.0+devel"
+__version__ = "0.1.1"
 
 
 # Keeps the shared libraries that we load using our own extended lookup logic
diff --git a/setup.py b/setup.py
index 4542fc3d0..3b2b6ce31 100644
--- a/setup.py
+++ b/setup.py
@@ -8,10 +8,10 @@
 
 from setuptools import find_packages, setup
 
-version = "0.2.0+devel"
+version = "0.1.1"
 
 # DO NOT forget to update the fallback version with each release!
-fallback_fairseq2n_version = "0.1.0"
+fallback_fairseq2n_version = "0.1.1"
 
 if "CI" in environ or "FAIRSEQ2N_DEVEL" in environ:
     fairseq2n_version = version
diff --git a/src/fairseq2/__init__.py b/src/fairseq2/__init__.py
index 792b70428..d9b0cf7c0 100644
--- a/src/fairseq2/__init__.py
+++ b/src/fairseq2/__init__.py
@@ -8,7 +8,7 @@
 # We import fairseq2n to report any initialization error eagerly.
 import fairseq2n
 
-__version__ = "0.2.0+devel"
+__version__ = "0.1.1"
 
 
 # If ``True``, indicates that we are run under Sphinx.