diff --git a/CHANGELOG.md b/CHANGELOG.md
index c10485119..21b146584 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## 1.0.1
+
+**Release date:** 2024-05-10
+
+This prerelease fixes a backwards compatibility issue that could occur when trying
+to move from the `v2beta1` to `v2` API while specifing `.spec.chartRef`.
+
+Fixes:
+- Fix: Allow upgrading from v2beta1 to v2 (GA)
+  [#982](https://github.com/fluxcd/helm-controller/pull/982)
+- Fix: Make HelmChartTemplate a pointer in .spec.chart
+  [#980](https://github.com/fluxcd/helm-controller/pull/980)
+
 ## 1.0.0
 
 **Release date:** 2024-05-08
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 09d0eb65b..4d2c02688 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -5,4 +5,4 @@ resources:
 images:
   - name: fluxcd/helm-controller
     newName: fluxcd/helm-controller
-    newTag: v1.0.0
+    newTag: v1.0.1
diff --git a/go.mod b/go.mod
index 18680f102..04668f4b2 100644
--- a/go.mod
+++ b/go.mod
@@ -17,7 +17,7 @@ replace (
 require (
 	github.com/Masterminds/semver v1.5.0
 	github.com/fluxcd/cli-utils v0.36.0-flux.7
-	github.com/fluxcd/helm-controller/api v1.0.0
+	github.com/fluxcd/helm-controller/api v1.0.1
 	github.com/fluxcd/pkg/apis/acl v0.3.0
 	github.com/fluxcd/pkg/apis/event v0.9.0
 	github.com/fluxcd/pkg/apis/kustomize v1.5.0