diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6e3529a603..e14de6fc46 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,12 +1,22 @@
-## 0.4.0 (Unreleased)
+## 0.3.1 (October 6, 2015)
+
+SECURITY:
+
+ * core: In certain failure scenarios, the full values of requests and responses would be logged [GH-665]
+
+FEATURES:
+
+ * **Settable Maximum Open Connections**: The `mysql` and `postgresql` backends now allow setting the number of maximum open connections to the database, which was previously capped to 2. [GH-661]
+ * **Renewable Tokens for GitHub**: The `github` backend now supports specifying a TTL, enabling renewable tokens. [GH-664]
 
 BUG FIXES:
 
+ * dist: linux-amd64 distribution was dynamically linked [GH-656]
  * credential/github: Fix acceptance tests [GH-651]
 
 MISC:
 
- * Various minor documentation fixes and improvements [GH-649] [GH-650]
+ * Various minor documentation fixes and improvements [GH-649] [GH-650] [GH-654] [GH-663]
 
 ## 0.3.0 (September 28, 2015)
 
diff --git a/cli/version.go b/cli/version.go
index 714fc06004..dd3bb570a6 100644
--- a/cli/version.go
+++ b/cli/version.go
@@ -5,7 +5,7 @@ var GitCommit string
 var GitDescribe string
 
 // The main version number that is being run at the moment.
-const Version = "0.3.0"
+const Version = "0.3.1"
 
 // A pre-release marker for the version. If this is "" (empty string)
 // then it means that it is a final release. Otherwise, this is a pre-release