diff --git a/VERSION b/VERSION
index 15b989e3..41c11ffb 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.16.0
+1.16.1
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 996370df..248bfe16 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -3,4 +3,4 @@ resources:
 images:
   - name: controller
     newName: cr.eu-north1.nebius.cloud/soperator/slurm-operator
-    newTag: 1.16.0
+    newTag: 1.16.1
diff --git a/config/manager/manager.yaml b/config/manager/manager.yaml
index 4c7d922d..8c539ef9 100644
--- a/config/manager/manager.yaml
+++ b/config/manager/manager.yaml
@@ -84,7 +84,7 @@ spec:
             value: "false"
           - name: SLURM_OPERATOR_WATCH_NAMESPACES
             value: "*"
-        image: controller:1.16.0
+        image: controller:1.16.1
         imagePullPolicy: Always
         name: manager
         securityContext:
diff --git a/helm/slurm-cluster-storage/Chart.yaml b/helm/slurm-cluster-storage/Chart.yaml
index 4f0c01a9..ee7a02d6 100644
--- a/helm/slurm-cluster-storage/Chart.yaml
+++ b/helm/slurm-cluster-storage/Chart.yaml
@@ -2,5 +2,5 @@ apiVersion: v2
 name: helm-slurm-cluster-storage
 description: A Helm chart for Kubernetes
 type: application
-version: "1.16.0"
-appVersion: "1.16.0"
+version: "1.16.1"
+appVersion: "1.16.1"
diff --git a/helm/slurm-cluster/Chart.yaml b/helm/slurm-cluster/Chart.yaml
index 8fe0fa2a..b3966f7f 100644
--- a/helm/slurm-cluster/Chart.yaml
+++ b/helm/slurm-cluster/Chart.yaml
@@ -2,6 +2,6 @@ apiVersion: v2
 name: helm-slurm-cluster
 description: A Helm chart for Kubernetes
 type: application
-version: "1.16.0"
-appVersion: "1.16.0"
+version: "1.16.1"
+appVersion: "1.16.1"
 kubeVersion: ">=1.29.0-0"
diff --git a/helm/slurm-cluster/values.yaml b/helm/slurm-cluster/values.yaml
index 3c9fa08e..3e4c1a01 100644
--- a/helm/slurm-cluster/values.yaml
+++ b/helm/slurm-cluster/values.yaml
@@ -117,13 +117,13 @@ periodicChecks:
     imagePullPolicy: "IfNotPresent"
     appArmorProfile: "unconfined"
 slurmConfig: {}
-  # defMemPerNode: 1228800
-  # defCpuPerGPU: 16
-  # completeWait: 5
-  # debugFlags: "Cgroup,CPU_Bind,Gres,JobComp,Priority,Script,SelectType,Steps,TraceJobs"
-  # taskPluginParam: "Verbose"
-  # maxJobCount: 10000
-  # minJobAge: 86400
+# defMemPerNode: 1228800
+# defCpuPerGPU: 16
+# completeWait: 5
+# debugFlags: "Cgroup,CPU_Bind,Gres,JobComp,Priority,Script,SelectType,Steps,TraceJobs"
+# taskPluginParam: "Verbose"
+# maxJobCount: 10000
+# minJobAge: 86400
 slurmNodes:
   accounting:
     enabled: false
@@ -393,13 +393,13 @@ telemetry: {}
 #   otelCollectorPort: 8429
 
 images:
-  slurmctld: "cr.eu-north1.nebius.cloud/soperator/controller_slurmctld:1.16.0-jammy-slurm24.05.2"
-  slurmrestd: "cr.eu-north1.nebius.cloud/soperator/slurmrestd:1.16.0-jammy-slurm24.05.2"
-  slurmd: "cr.eu-north1.nebius.cloud/soperator/worker_slurmd:1.16.0-jammy-slurm24.05.2"
-  sshd: "cr.eu-north1.nebius.cloud/soperator/login_sshd:1.16.0-jammy-slurm24.05.2"
-  munge: "cr.eu-north1.nebius.cloud/soperator/munge:1.16.0-jammy-slurm24.05.2"
-  populateJail: "cr.eu-north1.nebius.cloud/soperator/populate_jail:1.16.0-jammy-slurm24.05.2"
-  ncclBenchmark: "cr.eu-north1.nebius.cloud/soperator/nccl_benchmark:1.16.0-jammy-slurm24.05.2"
-  slurmdbd: "cr.eu-north1.nebius.cloud/soperator/controller_slurmdbd:1.16.0-jammy-slurm24.05.2"
-  exporter: "cr.eu-north1.nebius.cloud/soperator/exporter:1.16.0-jammy-slurm24.05.2"
+  slurmctld: "cr.eu-north1.nebius.cloud/soperator/controller_slurmctld:1.16.1-jammy-slurm24.05.2"
+  slurmrestd: "cr.eu-north1.nebius.cloud/soperator/slurmrestd:1.16.1-jammy-slurm24.05.2"
+  slurmd: "cr.eu-north1.nebius.cloud/soperator/worker_slurmd:1.16.1-jammy-slurm24.05.2"
+  sshd: "cr.eu-north1.nebius.cloud/soperator/login_sshd:1.16.1-jammy-slurm24.05.2"
+  munge: "cr.eu-north1.nebius.cloud/soperator/munge:1.16.1-jammy-slurm24.05.2"
+  populateJail: "cr.eu-north1.nebius.cloud/soperator/populate_jail:1.16.1-jammy-slurm24.05.2"
+  ncclBenchmark: "cr.eu-north1.nebius.cloud/soperator/nccl_benchmark:1.16.1-jammy-slurm24.05.2"
+  slurmdbd: "cr.eu-north1.nebius.cloud/soperator/controller_slurmdbd:1.16.1-jammy-slurm24.05.2"
+  exporter: "cr.eu-north1.nebius.cloud/soperator/exporter:1.16.1-jammy-slurm24.05.2"
   mariaDB: "docker-registry1.mariadb.com/library/mariadb:11.4.3"
diff --git a/helm/soperator-crds/Chart.yaml b/helm/soperator-crds/Chart.yaml
index e2acc630..f12b6e5f 100644
--- a/helm/soperator-crds/Chart.yaml
+++ b/helm/soperator-crds/Chart.yaml
@@ -2,6 +2,6 @@ apiVersion: v2
 name: helm-soperator-crds
 description: A Helm chart for Kubernetes
 type: application
-version: 1.16.0
-appVersion: "1.16.0"
+version: 1.16.1
+appVersion: "1.16.1"
 kubeVersion: ">=1.29.0-0"
diff --git a/helm/soperator/Chart.yaml b/helm/soperator/Chart.yaml
index e3713fa5..ef2dcdce 100644
--- a/helm/soperator/Chart.yaml
+++ b/helm/soperator/Chart.yaml
@@ -2,6 +2,6 @@ apiVersion: v2
 name: helm-soperator
 description: A Helm chart for Kubernetes
 type: application
-version: 1.16.0
-appVersion: "1.16.0"
+version: 1.16.1
+appVersion: "1.16.1"
 kubeVersion: ">=1.29.0-0"
diff --git a/helm/soperator/values.yaml b/helm/soperator/values.yaml
index e7ebcbd2..f1edc57b 100644
--- a/helm/soperator/values.yaml
+++ b/helm/soperator/values.yaml
@@ -36,7 +36,7 @@ controllerManager:
       slurmOperatorWatchNamespaces: '*'
     image:
       repository: cr.eu-north1.nebius.cloud/soperator/slurm-operator
-      tag: 1.16.0
+      tag: 1.16.1
     imagePullPolicy: Always
     resources:
       limits:
diff --git a/internal/consts/version.go b/internal/consts/version.go
index 18b64cee..3c851466 100644
--- a/internal/consts/version.go
+++ b/internal/consts/version.go
@@ -2,5 +2,5 @@
 package consts
 
 const (
-	VersionCR = "1.16.0"
+	VersionCR = "1.16.1"
 )