diff --git a/package.json b/package.json
index 27152c3f53..aac9d74450 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
   "name": "team",
   "displayName": "Visual Studio Team Services",
   "description": "Connect to Team Services including Team Foundation Version Control (TFVC). Monitor your builds and manage your pull requests and work items for your TFVC or Git source repositories",
-  "version": "1.118.0",
+  "version": "1.118.1",
   "publisher": "ms-vsts",
   "icon": "assets/team.png",
   "markdown": "standard",
diff --git a/src/helpers/constants.ts b/src/helpers/constants.ts
index 2f75fc120b..6fc36afa68 100644
--- a/src/helpers/constants.ts
+++ b/src/helpers/constants.ts
@@ -8,7 +8,7 @@
 export class Constants {
     static ExtensionName: string = "team";
     static ExtensionUserAgentName: string = "VSTSVSCode";
-    static ExtensionVersion: string = "1.118.0";
+    static ExtensionVersion: string = "1.118.1";
     static OAuth: string = "OAuth";
     static TokenLearnMoreUrl: string = "https://aka.ms/v9r4jt";
     static TokenShowMeUrl: string = "https://aka.ms/o2wkmo";