diff --git a/cli/CHANGELOG.md b/cli/CHANGELOG.md
index 16d2e6c823a8..bb0eaf8fb9a4 100644
--- a/cli/CHANGELOG.md
+++ b/cli/CHANGELOG.md
@@ -1,11 +1,14 @@
 <!-- See the ../guides/writing-the-cypress-changelog.md for details on writing the changelog. -->
-## 12.15.1
+## 12.16.0
 
-_Released 07/05/2023 (PENDING)_
+_Released 06/26/2023_
+
+**Features:**
+
+- Added support for Angular 16.1.0 in Cypress Component Testing. Addresses [#27049](https://github.com/cypress-io/cypress/issues/27049).
 
 **Bugfixes:**
 
-- Fixed an issue where some internal file locations consumed by the Cypress Angular Handler moved as a result of [this commit](https://github.com/angular/angular-cli/commit/466d86dc8d3398695055f9eced7402804848a381) from Angular. Addressed in [#27030](https://github.com/cypress-io/cypress/pull/27030).
 - Fixed an issue where certain commands would fail with the error `must only be invoked from the spec file or support file` when invoked with a large argument. Fixes [#27099](https://github.com/cypress-io/cypress/issues/27099).
 
 ## 12.15.0
diff --git a/package.json b/package.json
index 9f7bcef9752b..e39a67e581ec 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "cypress",
-  "version": "12.15.0",
+  "version": "12.16.0",
   "description": "Cypress is a next generation front end testing tool built for the modern web",
   "private": true,
   "scripts": {