diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1ad40210b..9ebd602ca 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,30 @@
 # Changelog
 
+## 0.22.0
+
+**Release date:** 2022-06-01
+
+This prerelease fixes an issue where the token used for Helm operations would
+go stale if it was provided using a Bound Service Account Token Volume.
+
+Starting with this version, the controller conforms to the Kubernetes
+[API Priority and Fairness](https://kubernetes.io/docs/concepts/cluster-administration/flow-control/).
+The controller detects if the server-side throttling is enabled and uses the
+advertised rate limits. When server-side throttling is enabled, the controller
+ignores the `--kube-api-qps` and `--kube-api-burst` flags.
+
+Fixes:
+- kube: load KubeConfig (token) from FS on every reconcile
+  [#480](https://github.com/fluxcd/helm-controller/pull/480)
+- Updating API group name to helm.toolkit.fluxcd.io in docs
+  [#484](https://github.com/fluxcd/helm-controller/pull/484)
+
+Improvements:
+- Update dependencies
+  [#482](https://github.com/fluxcd/helm-controller/pull/482)
+- Update source-controller to v0.25.0
+  [#490](https://github.com/fluxcd/helm-controller/pull/490)
+
 ## 0.21.0
 
 **Release date:** 2022-05-03
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 66f0eb5c1..3ef35b26d 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: v0.21.0
+    newTag: v0.22.0
diff --git a/go.mod b/go.mod
index d16e362d9..a8e315906 100644
--- a/go.mod
+++ b/go.mod
@@ -5,7 +5,7 @@ go 1.17
 replace github.com/fluxcd/helm-controller/api => ./api
 
 require (
-	github.com/fluxcd/helm-controller/api v0.21.0
+	github.com/fluxcd/helm-controller/api v0.22.0
 	github.com/fluxcd/pkg/apis/acl v0.0.3
 	github.com/fluxcd/pkg/apis/kustomize v0.4.1
 	github.com/fluxcd/pkg/apis/meta v0.14.1