diff --git a/magnum/Chart.yaml b/magnum/Chart.yaml
index 75aef1aee5..457a1b8a6c 100644
--- a/magnum/Chart.yaml
+++ b/magnum/Chart.yaml
@@ -14,7 +14,7 @@ apiVersion: v1
 appVersion: v1.0.0
 description: OpenStack-Helm Magnum
 name: magnum
-version: 0.2.4
+version: 0.2.5
 home: https://docs.openstack.org/magnum/latest/
 icon: https://www.openstack.org/themes/openstack/images/project-mascots/Magnum/OpenStack_Project_Magnum_vertical.png
 sources:
diff --git a/magnum/values.yaml b/magnum/values.yaml
index 544472a80e..aa7b7a478c 100644
--- a/magnum/values.yaml
+++ b/magnum/values.yaml
@@ -31,16 +31,16 @@ labels:
 
 images:
   tags:
-    bootstrap: docker.io/openstackhelm/heat:ocata-ubuntu_xenial
-    db_init: docker.io/openstackhelm/heat:ocata-ubuntu_xenial
-    magnum_db_sync: docker.io/openstackhelm/magnum:ocata-ubuntu_xenial
-    db_drop: docker.io/openstackhelm/heat:ocata-ubuntu_xenial
+    bootstrap: docker.io/openstackhelm/heat:wallaby-ubuntu_focal
+    db_init: docker.io/openstackhelm/heat:wallaby-ubuntu_focal
+    magnum_db_sync: docker.io/openstackhelm/magnum:wallaby-ubuntu_focal
+    db_drop: docker.io/openstackhelm/heat:wallaby-ubuntu_focal
     rabbit_init: docker.io/rabbitmq:3.7-management
-    ks_user: docker.io/openstackhelm/heat:ocata-ubuntu_xenial
-    ks_service: docker.io/openstackhelm/heat:ocata-ubuntu_xenial
-    ks_endpoints: docker.io/openstackhelm/heat:ocata-ubuntu_xenial
-    magnum_api: docker.io/openstackhelm/magnum:ocata-ubuntu_xenial
-    magnum_conductor: docker.io/openstackhelm/magnum:ocata-ubuntu_xenial
+    ks_user: docker.io/openstackhelm/heat:wallaby-ubuntu_focal
+    ks_service: docker.io/openstackhelm/heat:wallaby-ubuntu_focal
+    ks_endpoints: docker.io/openstackhelm/heat:wallaby-ubuntu_focal
+    magnum_api: docker.io/openstackhelm/magnum:wallaby-ubuntu_focal
+    magnum_conductor: docker.io/openstackhelm/magnum:wallaby-ubuntu_focal
     dep_check: quay.io/airshipit/kubernetes-entrypoint:v1.0.0
     image_repo_sync: docker.io/docker:17.07.0
   pull_policy: "IfNotPresent"
diff --git a/releasenotes/notes/magnum.yaml b/releasenotes/notes/magnum.yaml
index 88a4226f7d..c5bb152aec 100644
--- a/releasenotes/notes/magnum.yaml
+++ b/releasenotes/notes/magnum.yaml
@@ -8,4 +8,5 @@ magnum:
   - 0.2.2 Fix restarting of magnum-conductor pods
   - 0.2.3 Update htk requirements repo
   - 0.2.4 Mount empty temp_cache_dir for performance
+  - 0.2.5 Update default image values to wallaby
 ...