diff --git a/package-lock.json b/package-lock.json
index 92b29a0f707..864b0669983 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "brave-core",
-  "version": "1.46.0",
+  "version": "1.46.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "brave-core",
-      "version": "1.46.0",
+      "version": "1.46.1",
       "license": "MPL-2.0",
       "dependencies": {
         "@brave/react-virtualized-auto-sizer": "^1.0.4",
diff --git a/package.json b/package.json
index b4d449738aa..9823efc4b2c 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "brave-core",
-  "version": "1.46.0",
+  "version": "1.46.1",
   "description": "Brave Core is a set of changes, APIs and scripts used for customizing Chromium to make Brave.",
   "main": "index.js",
   "scripts": {
diff --git a/patches/chrome-VERSION.patch b/patches/chrome-VERSION.patch
index 80bbe047b1c..3838a46ebac 100644
--- a/patches/chrome-VERSION.patch
+++ b/patches/chrome-VERSION.patch
@@ -9,4 +9,4 @@ index 49d93aece3335bf364a22d0103692a5b50126c36..e3e5570ec50483522f0d7569d2c8ccb6
 -PATCH=40
 +MINOR=1
 +BUILD=46
-+PATCH=0
++PATCH=1