diff --git a/RELEASE-NOTES.txt b/RELEASE-NOTES.txt
index 6446e010a8..0cd69b3e89 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -2,9 +2,12 @@ Unreleased
 ---
 * [internal] Fix Inserter items list filtering [https://github.com/wordpress-mobile/gutenberg-mobile/pull/6911]
 * [*] Prevent hiding the keyboard when creating new list items [https://github.com/wordpress-mobile/gutenberg-mobile/pull/6922]
-* [*] RichText - Fix undefined onDelete callback [https://github.com/wordpress-mobile/gutenberg-mobile/pull/6925]
 * [*] Fix issue when pasting HTML content [https://github.com/wordpress-mobile/gutenberg-mobile/pull/6933]
 
+1.120.1
+---
+* [*] RichText - Fix undefined onDelete callback [https://github.com/wordpress-mobile/gutenberg-mobile/pull/6925]
+
 1.120.0
 ---
 * [*] Prevent deleting content when backspacing in the first Paragraph block [https://github.com/wordpress-mobile/gutenberg-mobile/pull/6894]
diff --git a/gutenberg b/gutenberg
index 6633dc30c1..fb8a06a74e 160000
--- a/gutenberg
+++ b/gutenberg
@@ -1 +1 @@
-Subproject commit 6633dc30c1ffb54efbd9e6f88d667f2f1b82148f
+Subproject commit fb8a06a74e4478f8f26e0f42f36b7130fa9ec60d
diff --git a/ios-xcframework/Podfile.lock b/ios-xcframework/Podfile.lock
index bd4f473fe3..9289a68a5b 100644
--- a/ios-xcframework/Podfile.lock
+++ b/ios-xcframework/Podfile.lock
@@ -1104,7 +1104,7 @@ PODS:
     - React-RCTImage
   - RNSVG (14.0.0):
     - React-Core
-  - RNTAztecView (1.120.0):
+  - RNTAztecView (1.120.1):
     - React-Core
     - WordPress-Aztec-iOS (= 1.19.11)
   - SDWebImage (5.11.1):
@@ -1399,7 +1399,7 @@ SPEC CHECKSUMS:
   RNReanimated: f705119af7f77c961122a09adbfdf3dd38ce6a60
   RNScreens: d07e03170921286b65f07e7b2a3aa8300f61f2ec
   RNSVG: eb0b170443191e4a1af53b9bd17d1f2fbd1ba152
-  RNTAztecView: 3a1df2dd827082d22a4dd06b6031e2fefd2885c6
+  RNTAztecView: e7495baad7608c5e7e9e9a43ee537282dae7ccdc
   SDWebImage: a7f831e1a65eb5e285e3fb046a23fcfbf08e696d
   SDWebImageWebPCoder: 908b83b6adda48effe7667cd2b7f78c897e5111d
   SocketRocket: f32cd54efbe0f095c4d7594881e52619cfe80b17
diff --git a/package-lock.json b/package-lock.json
index 37b23e2cca..a28f5c701c 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
 	"name": "gutenberg-mobile",
-	"version": "1.120.0",
+	"version": "1.120.1",
 	"lockfileVersion": 2,
 	"requires": true,
 	"packages": {
 		"": {
 			"name": "gutenberg-mobile",
-			"version": "1.120.0",
+			"version": "1.120.1",
 			"hasInstallScript": true,
 			"devDependencies": {
 				"@babel/core": "^7.20.0",
diff --git a/package.json b/package.json
index ba3bdc46a5..e96ffb64d9 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "gutenberg-mobile",
-	"version": "1.120.0",
+	"version": "1.120.1",
 	"private": true,
 	"config": {
 		"jsfiles": "./*.js src/*.js src/**/*.js src/**/**/*.js",