diff --git a/cmd/main.go b/cmd/main.go
index deed9c6b..4c2fa18a 100644
--- a/cmd/main.go
+++ b/cmd/main.go
@@ -43,7 +43,7 @@ func main() {
 	c.UseShortOptionHandling = true
 	c.EnableBashCompletion = true
 	c.Usage = "Manage MIG partitions across the full set of NVIDIA GPUs on a node"
-	c.Version = "0.4.1"
+	c.Version = "0.4.2"
 
 	// Setup the flags for this command
 	c.Flags = []cli.Flag{
diff --git a/deployments/gpu-operator/nvidia-mig-manager-example.yaml b/deployments/gpu-operator/nvidia-mig-manager-example.yaml
index 00154bcd..e9373e83 100644
--- a/deployments/gpu-operator/nvidia-mig-manager-example.yaml
+++ b/deployments/gpu-operator/nvidia-mig-manager-example.yaml
@@ -23,7 +23,7 @@ spec:
       serviceAccountName: gpu-operator
       containers:
       - name: nvidia-mig-manager
-        image: nvcr.io/nvidia/cloud-native/k8s-mig-manager:v0.4.1-ubi8
+        image: nvcr.io/nvidia/cloud-native/k8s-mig-manager:v0.4.2-ubi8
         imagePullPolicy: IfNotPresent
         env:
         - name: NODE_NAME
diff --git a/deployments/systemd/packages/debian/changelog b/deployments/systemd/packages/debian/changelog
index 8fa92ba0..6e413224 100644
--- a/deployments/systemd/packages/debian/changelog
+++ b/deployments/systemd/packages/debian/changelog
@@ -1,3 +1,11 @@
+nvidia-mig-manager (0.4.2-1) UNRELEASED; urgency=medium
+
+  * Update CUDA image to 11.7.0
+  * Add extra assert in k8s-mig-manager to double check mig-mode change applied
+  * Update mig-manager image to use NGC DL license
+
+ -- NVIDIA CORPORATION <cudatools@nvidia.com>  Thu, 16 Jun 2022 16:49:39 +0200
+
 nvidia-mig-manager (0.4.1-1) UNRELEASED; urgency=medium
 
   * Keep NVML alive across all mig-parted commands (except GPU reset)
diff --git a/deployments/systemd/packages/rpm/SPECS/nvidia-mig-manager.spec b/deployments/systemd/packages/rpm/SPECS/nvidia-mig-manager.spec
index 4749a3c0..45bd16f8 100644
--- a/deployments/systemd/packages/rpm/SPECS/nvidia-mig-manager.spec
+++ b/deployments/systemd/packages/rpm/SPECS/nvidia-mig-manager.spec
@@ -81,6 +81,11 @@ systemctl disable nvidia-mig-manager.service
 systemctl daemon-reload
 
 %changelog
+* Thu Jun 16 2022 NVIDIA CORPORATION <cudatools@nvidia.com> 0.4.2-1
+- Update CUDA image to 11.7.0
+- Add extra assert in k8s-mig-manager to double check mig-mode change applied
+- Update mig-manager image to use NGC DL license
+
 * Mon May 30 2022 NVIDIA CORPORATION <cudatools@nvidia.com> 0.4.1-1
 - Keep NVML alive across all mig-parted commands (except GPU reset)
 - Remove unnecessary services from hooks.sh
diff --git a/versions.mk b/versions.mk
index ec13208d..95055b0b 100644
--- a/versions.mk
+++ b/versions.mk
@@ -12,7 +12,7 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-VERSION ?= 0.4.1
+VERSION ?= 0.4.2
 
 vVERSION := v$(VERSION:v%=%)