diff --git a/CHANGELOG.md b/CHANGELOG.md
index e70b9b7974b..6a6e33cef5f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,23 @@
+## 1.2.16 (February 14, 2023)
+
+SECURITY:
+
+* artifact: Provide mitigations against unbounded artifact decompression [[GH-16126](https://github.com/hashicorp/nomad/issues/16126)]
+* build: Update to go1.20.1 [[GH-16182](https://github.com/hashicorp/nomad/issues/16182)]
+
+BUG FIXES:
+
+* api: Ensure all request body decode errors return a 400 status code [[GH-15252](https://github.com/hashicorp/nomad/issues/15252)]
+* cleanup: fixed missing timer.Reset for plan queue stat emitter [[GH-15134](https://github.com/hashicorp/nomad/issues/15134)]
+* client: Fixed a bug where tasks would restart without waiting for interval [[GH-15215](https://github.com/hashicorp/nomad/issues/15215)]
+* client: fixed a bug where non-`docker` tasks with network isolation would leak network namespaces and iptables rules if the client was restarted while they were running [[GH-15214](https://github.com/hashicorp/nomad/issues/15214)]
+* csi: Fixed race condition that can cause a panic when volume is garbage collected [[GH-15101](https://github.com/hashicorp/nomad/issues/15101)]
+* device: Fixed a bug where device plugins would not fingerprint on startup [[GH-15125](https://github.com/hashicorp/nomad/issues/15125)]
+* drivers: Fixed a bug where one goroutine was leaked per task [[GH-15180](https://github.com/hashicorp/nomad/issues/15180)]
+* drivers: pass missing `propagation_mode` configuration for volume mounts to external plugins [[GH-15096](https://github.com/hashicorp/nomad/issues/15096)]
+* event_stream: fixed a bug where dynamic port values would fail to serialize in the event stream [[GH-12916](https://github.com/hashicorp/nomad/issues/12916)]
+* fingerprint: Ensure Nomad can correctly fingerprint Consul gRPC where the Consul agent is running v1.14.0 or greater [[GH-15309](https://github.com/hashicorp/nomad/issues/15309)]
+
 ## 1.2.15 (November 21, 2022)
 
 BUG FIXES:
diff --git a/version/version.go b/version/version.go
index da6636a7b4a..a159ed4b535 100644
--- a/version/version.go
+++ b/version/version.go
@@ -11,7 +11,7 @@ var (
 	GitDescribe string
 
 	// The main version number that is being run at the moment.
-	Version = "1.2.15"
+	Version = "1.2.16"
 
 	// A pre-release marker for the version. If this is "" (empty string)
 	// then it means that it is a final release. Otherwise, this is a pre-release