diff --git a/crossplane.yaml b/crossplane.yaml
index bbb35db..6494404 100644
--- a/crossplane.yaml
+++ b/crossplane.yaml
@@ -13,7 +13,7 @@ spec:
   dependsOn:
     - provider: xpkg.upbound.io/upbound/provider-gcp-compute
       # renovate: datasource=github-releases depName=upbound/provider-gcp
-      version: "v1.0.0"
+      version: "v1.0.1"
     - function: xpkg.upbound.io/crossplane-contrib/function-patch-and-transform
       # renovate: datasource=github-releases depName=crossplane-contrib/function-patch-and-transform
       version: "v0.4.0"