diff --git a/deployments/helm/k8s-nim-operator/Chart.yaml b/deployments/helm/k8s-nim-operator/Chart.yaml
index 22be3f71..ce313aa4 100644
--- a/deployments/helm/k8s-nim-operator/Chart.yaml
+++ b/deployments/helm/k8s-nim-operator/Chart.yaml
@@ -13,12 +13,12 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 1.0.0
+version: 1.0.1
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "1.0.0"
+appVersion: "1.0.1"
 
 icon: https://assets.nvidiagrid.net/ngc/logos/NIMOperator.png
 sources:
diff --git a/deployments/helm/k8s-nim-operator/values.yaml b/deployments/helm/k8s-nim-operator/values.yaml
index 34e76cbe..3213d676 100644
--- a/deployments/helm/k8s-nim-operator/values.yaml
+++ b/deployments/helm/k8s-nim-operator/values.yaml
@@ -3,7 +3,7 @@ operator:
   upgradeCRD: true
   image:
     repository: nvcr.io/nvidia/cloud-native/k8s-nim-operator
-    tag: v1.0.0
+    tag: v1.0.1
     pullSecrets: []
     pullPolicy: Always
   args:
diff --git a/versions.mk b/versions.mk
index 308c142e..0d8e3cbf 100644
--- a/versions.mk
+++ b/versions.mk
@@ -22,7 +22,7 @@ MODULE := github.com/NVIDIA/$(MODULE_NAME)
 
 REGISTRY ?= nvcr.io/nvidia
 
-VERSION ?= v1.0.0
+VERSION ?= v1.0.1
 
 GOLANG_VERSION ?= 1.22.2