diff --git a/NEWS b/NEWS
index aeb2d85248442f88fc2bddc80a938878e1066549..69de42e58f2d39db6e79d84f60803845e232bc45 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,12 @@
+Changes for 0.3.1 'Sailfish':
+------------------------------
+
+ - Fix a buffer overflow in frame-threading mode on SSSE3 CPUs
+ - Reduce binary size, notably on Windows
+ - SSSE3 optimizations for ipred_filter
+ - ARM optimizations for MSAC
+
+
 Changes for 0.3.0 'Sailfish':
 ------------------------------
 
diff --git a/meson.build b/meson.build
index 35aabf2e7c59367de3d26a3c254282924e69148d..0d28019df589ff88e82a35fbcfcb0a7800530af8 100644
--- a/meson.build
+++ b/meson.build
@@ -23,7 +23,7 @@
 # SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
 
 project('dav1d', ['c'],
-    version: '0.3.0',
+    version: '0.3.1',
     default_options: ['c_std=c99',
                       'warning_level=2',
                       'buildtype=release',