diff --git a/CHANGELOG.md b/CHANGELOG.md
index 43107eac37..05b1672458 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,12 @@
 
 All notable changes to this project will be documented in this file.
 
+## [1.2.23] - 2024-12-02
+
+### 🔨 Maintenance
+
+- Update demo project and latest tested CLI version (3.58.0) [#5846](https://github.com/iterative/vscode-dvc/pull/5846) by [@mattseddon](https://github.com/mattseddon)
+
 ## [1.2.22] - 2024-11-26
 
 ### 🔨 Maintenance
diff --git a/extension/package.json b/extension/package.json
index dac6964f0f..b50dce4952 100644
--- a/extension/package.json
+++ b/extension/package.json
@@ -9,7 +9,7 @@
   "extensionDependencies": [
     "vscode.git"
   ],
-  "version": "1.2.22",
+  "version": "1.2.23",
   "license": "Apache-2.0",
   "readme": "./README.md",
   "repository": {