diff --git a/CHANGELOG.md b/CHANGELOG.md
index 017d99920..4ee5ad50a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,16 @@
 # go-ipfs changelog
 
 
+### 0.3.1 - 2015-04-21
+
+This patch update fixes a few bugs:
+
+* harden shutdown logic by @torarnv
+* daemon locking fixes by @travisperson
+* don't re-add entire dirs by @whyrusleeping
+* tests now wait for graceful shutdown by @jbenet
+* default key size is now 2048 by @jbenet
+
 ### 0.3.0 - 2015-04-20
 
 We've just released version 0.3.0, which contains many
diff --git a/repo/config/version.go b/repo/config/version.go
index f4c12ccb7..892b1eb59 100644
--- a/repo/config/version.go
+++ b/repo/config/version.go
@@ -8,7 +8,7 @@ import (
 )
 
 // CurrentVersionNumber is the current application's version literal
-const CurrentVersionNumber = "0.3.0"
+const CurrentVersionNumber = "0.3.1"
 
 // Version regulates checking if the most recent version is run
 type Version struct {