diff --git a/CHANGELOG.md b/CHANGELOG.md
index fdebb172..c505c4bc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,18 @@
 # Changelog
 
-## Unreleased
+## 1.20.1 - 2022-01-08
+### Additions
+- [newgrounds] add `search` extractor ([#2161](https://github.com/mikf/gallery-dl/issues/2161))
+### Changes
+- restore `-d/--dest` functionality from before 1.20.0 ([#2148](https://github.com/mikf/gallery-dl/issues/2148))
+- change short option for `--directory` to `-D`
+### Fixes
+- [gelbooru] handle changed API response format ([#2157](https://github.com/mikf/gallery-dl/issues/2157))
+- [hitomi] fix image URLs ([#2153](https://github.com/mikf/gallery-dl/issues/2153))
+- [mangadex] fix extraction ([#2177](https://github.com/mikf/gallery-dl/issues/2177))
+- [rule34] use `https://api.rule34.xxx` for API requests
+- fix cookie checks for patreon, fanbox, fantia
+- improve UNC path handling ([#2126](https://github.com/mikf/gallery-dl/issues/2126))
 
 ## 1.20.0 - 2021-12-29
 ### Additions
diff --git a/README.rst b/README.rst
index c8b7afd3..ecc0b4d9 100644
--- a/README.rst
+++ b/README.rst
@@ -64,8 +64,8 @@ Standalone Executable
 Prebuilt executable files with a Python interpreter and
 required Python packages included are available for
 
-- `Windows <https://github.com/mikf/gallery-dl/releases/download/v1.20.0/gallery-dl.exe>`__
-- `Linux   <https://github.com/mikf/gallery-dl/releases/download/v1.20.0/gallery-dl.bin>`__
+- `Windows <https://github.com/mikf/gallery-dl/releases/download/v1.20.1/gallery-dl.exe>`__
+- `Linux   <https://github.com/mikf/gallery-dl/releases/download/v1.20.1/gallery-dl.bin>`__
 
 | Executables build from the latest commit can be found at
 | https://github.com/mikf/gallery-dl/actions/workflows/executables.yml
diff --git a/gallery_dl/version.py b/gallery_dl/version.py
index 8ce9d18f..8fa7c22d 100644
--- a/gallery_dl/version.py
+++ b/gallery_dl/version.py
@@ -6,4 +6,4 @@
 # it under the terms of the GNU General Public License version 2 as
 # published by the Free Software Foundation.
 
-__version__ = "1.20.1-dev"
+__version__ = "1.20.1"