diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7581b3d73..95b472e87 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,13 @@
+## 1.49.12
+
+### Embedded Sass
+
+* Fix a bug where the JS embedded host crashed when invoking a legacy importer
+  after resolving a relative filesystem import.
+
+* Improve error messages when returning non-`Object` values from legacy
+  importers.
+
 ## 1.49.11
 
 * Add support for 64-bit ARM releases on Linux.
diff --git a/pubspec.yaml b/pubspec.yaml
index 6afb4fa42..d758d89cd 100644
--- a/pubspec.yaml
+++ b/pubspec.yaml
@@ -1,5 +1,5 @@
 name: sass
-version: 1.49.11
+version: 1.49.12-dev
 description: A Sass implementation in Dart.
 homepage: https://github.com/sass/dart-sass