diff --git a/.release-please-manifest-individual.json b/.release-please-manifest-individual.json
index b895b455649f..675130cca3de 100644
--- a/.release-please-manifest-individual.json
+++ b/.release-please-manifest-individual.json
@@ -11,6 +11,6 @@
   "pubsub": "1.45.3",
   "pubsublite": "1.8.2",
   "spanner": "1.73.0",
-  "storage": "1.50.0",
+  "storage": "1.50.1",
   "vertexai": "0.13.3"
 }
diff --git a/storage/CHANGES.md b/storage/CHANGES.md
index e90454d01ade..724bf9a905e6 100644
--- a/storage/CHANGES.md
+++ b/storage/CHANGES.md
@@ -1,6 +1,13 @@
 # Changes
 
 
+## [1.50.1](https://github.com/googleapis/google-cloud-go/compare/storage/v1.50.0...storage/v1.50.1) (2025-01-13)
+
+
+### Bug Fixes
+
+* **storage:** Return sentinel ErrObjectNotExist for copy and compose ([#11369](https://github.com/googleapis/google-cloud-go/issues/11369)) ([74d0c10](https://github.com/googleapis/google-cloud-go/commit/74d0c1096f897ca3c15646f3049ea540bed0a6a0)), refs [#10760](https://github.com/googleapis/google-cloud-go/issues/10760)
+
 ## [1.50.0](https://github.com/googleapis/google-cloud-go/compare/storage/v1.49.0...storage/v1.50.0) (2025-01-09)
 
 
diff --git a/storage/internal/version.go b/storage/internal/version.go
index ba56cacd8ede..9704996480b5 100644
--- a/storage/internal/version.go
+++ b/storage/internal/version.go
@@ -15,4 +15,4 @@
 package internal
 
 // Version is the current tagged release of the library.
-const Version = "1.50.0"
+const Version = "1.50.1"