diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9a08a74ed..fbd941471 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,25 @@
 # Changelog
 
+## 0.23.0
+
+**Release date:** 2022-08-19
+
+This prerelease comes with panic recovery, to protect the controller
+from crashing when reconciliations lead to a crash.
+
+The API now enforces validation to `Spec.ValuesFrom` subfields:
+`TargetPath` and `ValuesKey`.
+
+The new image contains updates to patch alpine CVEs.
+
+Improvements:
+- Enable RecoverPanic option on reconciler 
+  [#516](https://github.com/fluxcd/helm-controller/pull/516)
+- Add validation to TargetPath and ValuesKey 
+  [#520](https://github.com/fluxcd/helm-controller/pull/520)
+- Update dependencies 
+  [#521](https://github.com/fluxcd/helm-controller/pull/521)
+
 ## 0.22.2
 
 **Release date:** 2022-07-13
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index da2ab6d41..6710680de 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: v0.22.2
+    newTag: v0.23.0
diff --git a/go.mod b/go.mod
index 620d4f0fb..74e8b8794 100644
--- a/go.mod
+++ b/go.mod
@@ -5,7 +5,7 @@ go 1.18
 replace github.com/fluxcd/helm-controller/api => ./api
 
 require (
-	github.com/fluxcd/helm-controller/api v0.22.2
+	github.com/fluxcd/helm-controller/api v0.23.0
 	github.com/fluxcd/pkg/apis/acl v0.0.3
 	github.com/fluxcd/pkg/apis/kustomize v0.4.2
 	github.com/fluxcd/pkg/apis/meta v0.14.2