diff --git a/.gitignore b/.gitignore
index 324193f..a7ba6e6 100644
--- a/.gitignore
+++ b/.gitignore
@@ -4,3 +4,4 @@
 /cloudpickle-0.8.1.tar.gz
 /cloudpickle-1.0.0.tar.gz
 /cloudpickle-1.1.1.tar.gz
+/cloudpickle-1.2.1.tar.gz
diff --git a/python-cloudpickle.spec b/python-cloudpickle.spec
index 05c63b9..0bdee4b 100644
--- a/python-cloudpickle.spec
+++ b/python-cloudpickle.spec
@@ -8,7 +8,7 @@ supports pickling for lambda expressions, functions and classes defined \
 interactively in the __main__ module.
 
 Name:           python-%{pypi_name}
-Version:        1.1.1
+Version:        1.2.1
 Release:        1%{?dist}
 Summary:        Extended pickling support for Python objects
 
@@ -58,6 +58,9 @@ rm -rf %{pypi_name}.egg-info
 %{python3_sitelib}/%{pypi_name}-%{version}-py?.?.egg-info
 
 %changelog
+* Tue Jun 18 2019 Lumír Balhar <lbalhar@redhat.com> - 1.2.1-1
+- New upstream version
+
 * Wed May 15 2019 Lumír Balhar <lbalhar@redhat.com> - 1.1.1-1
 - New upstream release
 
diff --git a/sources b/sources
index b94948d..012d5f1 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (cloudpickle-1.1.1.tar.gz) = db9075552c6ec654bf55a75c1b82278f65c68a1070a39e5a938f526aac9a9979f652a3c46424d2eb4b280015e0f6f1fd09becedb9b2e68fbbaf1d01f71543570
+SHA512 (cloudpickle-1.2.1.tar.gz) = 5ec7ddceff7c43e46011370ba00f693dc669a1b3e1cfc42b42483850879d6246073ed20d4ca92698984b4935f5b69e5ae0dd96dad82de3f296e38ce7b644a6d2