diff --git a/CHANGELOG.md b/CHANGELOG.md
index a9426fbd..d842e7d9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,8 @@
+1.16.1 / 2024-02-05
+==================
+
+- Update deps version
+
 1.16.0 / 2024-01-17
 ==================
 
diff --git a/package.json b/package.json
index 4fb2ee98..3590a21b 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@cloudinary/url-gen",
-  "version": "1.16.0",
+  "version": "1.16.1",
   "description": "",
   "scripts": {
     "test": "npm run build && npm run test:types && npm run build && jest --coverage --reporters default &&  npm run test:size",
@@ -152,4 +152,4 @@
   "dependencies": {
     "@cloudinary/transformation-builder-sdk": "^1.10.3"
   }
-}
+}
\ No newline at end of file