diff --git a/Makefile b/Makefile
index 3bde90412d..6f97969859 100644
--- a/Makefile
+++ b/Makefile
@@ -38,7 +38,7 @@ else
     VERSION   ?= ${VERSION}
 endif
 
-RELEASE = v1.34.0
+RELEASE = v1.34.1
 
 GOOS ?= linux
 ARCH ?= amd64
diff --git a/manifests/cloud-controller-manager/oci-cloud-controller-manager.yaml b/manifests/cloud-controller-manager/oci-cloud-controller-manager.yaml
index 0a531e9e5c..7010a24e9b 100644
--- a/manifests/cloud-controller-manager/oci-cloud-controller-manager.yaml
+++ b/manifests/cloud-controller-manager/oci-cloud-controller-manager.yaml
@@ -42,7 +42,7 @@ spec:
             path: /etc/kubernetes
       containers:
         - name: oci-cloud-controller-manager
-          image: ghcr.io/oracle/cloud-provider-oci:v1.34.0
+          image: ghcr.io/oracle/cloud-provider-oci:v1.34.1
           command: ["/usr/local/bin/oci-cloud-controller-manager"]
           args:
             - --cloud-config=/etc/oci/cloud-provider.yaml
diff --git a/manifests/container-storage-interface/csi/templates/oci-csi-controller-driver.yaml b/manifests/container-storage-interface/csi/templates/oci-csi-controller-driver.yaml
index 3766b80b6a..d70e4d5bb0 100644
--- a/manifests/container-storage-interface/csi/templates/oci-csi-controller-driver.yaml
+++ b/manifests/container-storage-interface/csi/templates/oci-csi-controller-driver.yaml
@@ -114,7 +114,7 @@ spec:
             - --lustre-csi-endpoint=unix://var/run/shared-tmpfs/csi-lustre.sock
           command:
             - /usr/local/bin/oci-csi-controller-driver
-          image: ghcr.io/oracle/cloud-provider-oci:v1.34.0
+          image: ghcr.io/oracle/cloud-provider-oci:v1.34.1
           imagePullPolicy: IfNotPresent
           env:
             - name: BLOCK_VOLUME_DRIVER_NAME
diff --git a/manifests/container-storage-interface/csi/templates/oci-csi-node-driver.yaml b/manifests/container-storage-interface/csi/templates/oci-csi-node-driver.yaml
index 521b9654c9..301e32b70c 100644
--- a/manifests/container-storage-interface/csi/templates/oci-csi-node-driver.yaml
+++ b/manifests/container-storage-interface/csi/templates/oci-csi-node-driver.yaml
@@ -135,7 +135,7 @@ spec:
               value: "{{ if .Values.customHandle }}{{ .Values.customHandle }}.{{ end }}fss.csi.oraclecloud.com"
             - name: LUSTRE_VOLUME_DRIVER_NAME
               value: "{{ if .Values.customHandle }}{{ .Values.customHandle }}.{{ end }}lustre.csi.oraclecloud.com"
-          image: ghcr.io/oracle/cloud-provider-oci:v1.34.0
+          image: ghcr.io/oracle/cloud-provider-oci:v1.34.1
           securityContext:
             privileged: true
           volumeMounts:
diff --git a/manifests/container-storage-interface/oci-csi-controller-driver.yaml b/manifests/container-storage-interface/oci-csi-controller-driver.yaml
index 440ce065d9..061dfc1c51 100644
--- a/manifests/container-storage-interface/oci-csi-controller-driver.yaml
+++ b/manifests/container-storage-interface/oci-csi-controller-driver.yaml
@@ -117,7 +117,7 @@ spec:
           env:
             - name: LUSTRE_CSI_CONTROLLER_DRIVER_ENABLED
               value: "true"
-          image: ghcr.io/oracle/cloud-provider-oci:v1.34.0
+          image: ghcr.io/oracle/cloud-provider-oci:v1.34.1
           imagePullPolicy: IfNotPresent
           volumeMounts:
             - name: config
diff --git a/manifests/container-storage-interface/oci-csi-node-driver.yaml b/manifests/container-storage-interface/oci-csi-node-driver.yaml
index 9205839849..55818fa051 100644
--- a/manifests/container-storage-interface/oci-csi-node-driver.yaml
+++ b/manifests/container-storage-interface/oci-csi-node-driver.yaml
@@ -129,7 +129,7 @@ spec:
               value: /usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/host/usr/bin:/host/sbin
             - name: LUSTRE_DRIVER_ENABLED
               value: "true"
-          image: ghcr.io/oracle/cloud-provider-oci:v1.34.0
+          image: ghcr.io/oracle/cloud-provider-oci:v1.34.1
           securityContext:
             privileged: true
           volumeMounts:
diff --git a/manifests/flexvolume-driver/oci-flexvolume-driver.yaml b/manifests/flexvolume-driver/oci-flexvolume-driver.yaml
index c2c9ed474d..cf2c67fd1b 100644
--- a/manifests/flexvolume-driver/oci-flexvolume-driver.yaml
+++ b/manifests/flexvolume-driver/oci-flexvolume-driver.yaml
@@ -40,7 +40,7 @@ spec:
             secretName: oci-flexvolume-driver
       containers:
         - name: oci-flexvolume-driver
-          image: ghcr.io/oracle/cloud-provider-oci:v1.34.0
+          image: ghcr.io/oracle/cloud-provider-oci:v1.34.1
           command: ["/usr/local/bin/install.py", "-c", "/tmp/config.yaml"]
           securityContext:
             privileged: true
@@ -76,7 +76,7 @@ spec:
             type: DirectoryOrCreate
       containers:
         - name: oci-flexvolume-driver
-          image: ghcr.io/oracle/cloud-provider-oci:v1.34.0
+          image: ghcr.io/oracle/cloud-provider-oci:v1.34.1
           command: ["/usr/local/bin/install.py"]
           securityContext:
             privileged: true
diff --git a/manifests/volume-provisioner/oci-volume-provisioner-fss.yaml b/manifests/volume-provisioner/oci-volume-provisioner-fss.yaml
index ba35dec517..ca96b6e7f2 100644
--- a/manifests/volume-provisioner/oci-volume-provisioner-fss.yaml
+++ b/manifests/volume-provisioner/oci-volume-provisioner-fss.yaml
@@ -35,7 +35,7 @@ spec:
             secretName: oci-volume-provisioner
       containers:
         - name: oci-volume-provisioner
-          image: ghcr.io/oracle/cloud-provider-oci:v1.34.0
+          image: ghcr.io/oracle/cloud-provider-oci:v1.34.1
           command: ["/usr/local/bin/oci-volume-provisioner"]
           env:
             - name: NODE_NAME
diff --git a/manifests/volume-provisioner/oci-volume-provisioner.yaml b/manifests/volume-provisioner/oci-volume-provisioner.yaml
index 45ecf9e647..798c811b2b 100644
--- a/manifests/volume-provisioner/oci-volume-provisioner.yaml
+++ b/manifests/volume-provisioner/oci-volume-provisioner.yaml
@@ -35,7 +35,7 @@ spec:
             secretName: oci-volume-provisioner
       containers:
         - name: oci-volume-provisioner
-          image: ghcr.io/oracle/cloud-provider-oci:v1.34.0
+          image: ghcr.io/oracle/cloud-provider-oci:v1.34.1
           command: ["/usr/local/bin/oci-volume-provisioner"]
           env:
             - name: NODE_NAME