diff --git a/.goreleaser.yml b/.goreleaser.yml
index 27ccbdcf1..7b6257b5b 100644
--- a/.goreleaser.yml
+++ b/.goreleaser.yml
@@ -3,7 +3,7 @@
 project_name: console
 
 release:
-   name_template: "Version {{.Version}}"
+   name_template: "Release version {{.Version}}"
    github:
     owner: minio
     name: console
@@ -83,7 +83,7 @@ nfpms:
 
 dockers:
 - image_templates:
-  - "minio/console:v{{ .Version }}-amd64"
+  - "minio/console:{{ .Tag }}-amd64"
   use_buildx: true
   dockerfile: Dockerfile.release
   extra_files:
@@ -92,7 +92,7 @@ dockers:
   build_flag_templates:
   - "--platform=linux/amd64"
 - image_templates:
-  - "minio/console:v{{ .Version }}-ppc64le"
+  - "minio/console:{{ .Tag }}-ppc64le"
   use_buildx: true
   dockerfile: Dockerfile.release
   extra_files:
@@ -101,7 +101,7 @@ dockers:
   build_flag_templates:
   - "--platform=linux/ppc64le"
 - image_templates:
-  - "minio/console:v{{ .Version }}-s390x"
+  - "minio/console:{{ .Tag }}-s390x"
   use_buildx: true
   dockerfile: Dockerfile.release
   extra_files:
@@ -110,7 +110,7 @@ dockers:
   build_flag_templates:
   - "--platform=linux/s390x"
 - image_templates:
-  - "minio/console:v{{ .Version }}-arm64"
+  - "minio/console:{{ .Tag }}-arm64"
   use_buildx: true
   goarch: arm64
   dockerfile: Dockerfile.release
@@ -120,15 +120,15 @@ dockers:
   build_flag_templates:
   - "--platform=linux/arm64"
 docker_manifests:
-- name_template: minio/console:v{{ .Version }}
+- name_template: minio/console:{{ .Tag }}
   image_templates:
-  - minio/console:{{ .Version }}-amd64
-  - minio/console:{{ .Version }}-arm64
-  - minio/console:{{ .Version }}-ppc64le
-  - minio/console:{{ .Version }}-s390x
+  - minio/console:{{ .Tag }}-amd64
+  - minio/console:{{ .Tag }}-arm64
+  - minio/console:{{ .Tag }}-ppc64le
+  - minio/console:{{ .Tag }}-s390x
 - name_template: minio/console:latest
   image_templates:
-  - minio/console:{{ .Version }}-amd64
-  - minio/console:{{ .Version }}-arm64
-  - minio/console:{{ .Version }}-ppc64le
-  - minio/console:{{ .Version }}-s390x
+  - minio/console:{{ .Tag }}-amd64
+  - minio/console:{{ .Tag }}-arm64
+  - minio/console:{{ .Tag }}-ppc64le
+  - minio/console:{{ .Tag }}-s390x
diff --git a/Dockerfile.release b/Dockerfile.release
index 73415388a..a0bdf8a96 100644
--- a/Dockerfile.release
+++ b/Dockerfile.release
@@ -6,8 +6,8 @@ COPY LICENSE /licenses/LICENSE
 LABEL name="MinIO" \
       vendor="MinIO Inc <dev@min.io>" \
       maintainer="MinIO Inc <dev@min.io>" \
-      version="v0.5.0" \
-      release="v0.5.0" \
+      version="v0.5.1" \
+      release="v0.5.1" \
       summary="A graphical user interface for MinIO" \
       description="MinIO object storage is fundamentally different. Designed for performance and the S3 API, it is 100% open-source. MinIO is ideal for large, private cloud environments with stringent security requirements and delivers mission-critical availability across a diverse range of workloads."
 
diff --git a/k8s/console/base/console-deployment.yaml b/k8s/console/base/console-deployment.yaml
index 26cd82cd1..53ec3f89f 100644
--- a/k8s/console/base/console-deployment.yaml
+++ b/k8s/console/base/console-deployment.yaml
@@ -15,7 +15,7 @@ spec:
       serviceAccountName: console-sa
       containers:
         - name: console
-          image: minio/console:v0.5.0
+          image: minio/console:v0.5.1
           imagePullPolicy: "IfNotPresent"
           args:
             - server
diff --git a/k8s/operator-console/base/console-deployment.yaml b/k8s/operator-console/base/console-deployment.yaml
index 47e403dcc..fcf20d6cf 100644
--- a/k8s/operator-console/base/console-deployment.yaml
+++ b/k8s/operator-console/base/console-deployment.yaml
@@ -15,7 +15,7 @@ spec:
       serviceAccountName: console-sa
       containers:
         - name: console
-          image: minio/console:v0.5.0
+          image: minio/console:v0.5.1
           imagePullPolicy: "IfNotPresent"
           env:
             - name: CONSOLE_OPERATOR_MODE
diff --git a/restapi/admin_tenants_test.go b/restapi/admin_tenants_test.go
index 0b7cbb7ee..9e75abb40 100644
--- a/restapi/admin_tenants_test.go
+++ b/restapi/admin_tenants_test.go
@@ -1029,7 +1029,7 @@ func Test_UpdateTenantAction(t *testing.T) {
 				},
 				params: admin_api.UpdateTenantParams{
 					Body: &models.UpdateTenantRequest{
-						ConsoleImage: "minio/console:v0.5.0",
+						ConsoleImage: "minio/console:v0.5.1",
 					},
 				},
 			},
diff --git a/restapi/consts.go b/restapi/consts.go
index 24e56298f..a94b38f15 100644
--- a/restapi/consts.go
+++ b/restapi/consts.go
@@ -63,7 +63,7 @@ const (
 // Image versions
 const (
 	KESImageVersion            = "minio/kes:v0.13.1"
-	ConsoleImageDefaultVersion = "minio/console:v0.5.0"
+	ConsoleImageDefaultVersion = "minio/console:v0.5.1"
 )
 
 // K8s