diff --git a/README.md b/README.md
index 465f1df96..c984d908d 100644
--- a/README.md
+++ b/README.md
@@ -129,6 +129,7 @@ code base:
 | OCTOPUS (6) | Simple load balancing based on task counts.               | Complete |
 | VOID (7)    | Bogus cost model used for KB with simple scheduler.       | Complete |
 | NET-BW (8)  | Network-bandwidth-aware cost model (avoids hotspots).     | Complete |
+| CPU-MEM (10) | Task placement based on CPU and MEM request.             | Complete |
 
 ## Running on multiple machines
 
diff --git a/docs/releases/0.1-NOTES.md b/docs/releases/0.1-NOTES.md
new file mode 100644
index 000000000..2d518c099
--- /dev/null
+++ b/docs/releases/0.1-NOTES.md
@@ -0,0 +1,33 @@
+## Release notes for firmament v0.1
+
+# Significant changes
+
+* Adding a new CPU-MEM cost model.
+
+* Bug fixes and lock improvements.
+
+# Required Actions
+
+To enable the new CPU-MEM cost model ```--flow_scheduling_cost_model```
+flag should be set to '10'
+like shown below
+
+```--flow_scheduling_cost_model=10```
+
+# Highlighted changes
+
+(to follow)
+
+# Full change list
+
+* [Lock improvement](https://github.com/Huawei-PaaS/firmament/commit/3195a494b5993c460ae80af6379fef79e75131c9)
+* [Added cpu mem cost model](https://github.com/Huawei-PaaS/firmament/commit/d0aef3798e891f7210aa87bbf21fb3002381d6f4)
+* [Added code which computes machine samples/resource stats statically and updates knowledge base](https://github.com/Huawei-PaaS/firmament/commit/dc96ff6f29b18b6297cf7262797fb23e061a1e6f)
+* [Issue](https://github.com/Huawei-PaaS/firmament/commit/4e38db8ed4e4aa6dcc85dfa40b2e9fa3b07b401c)
+* [Issue](https://github.com/Huawei-PaaS/firmament/commit/a50d38c9704e07bea3c5e1b7218f357f137148cb)
+* [Issue](https://github.com/Huawei-PaaS/firmament/commit/2ca53f1ab513946ed39d99be1b0172121f8f54a8)
+* [Removing redundant var declaration](https://github.com/Huawei-PaaS/firmament/commit/614d03bfa8dcfe942fd482315e641d311386afbf)
+* [Modified github repo in Dockerfile.](https://github.com/Huawei-PaaS/firmament/commit/65937c4a769296520b2ea21a1bd38fdf7fb28172)
+* [Updated Dockerfile.](https://github.com/Huawei-PaaS/firmament/commit/c21237c27f6f71000552a57ab14faee90ae5ce42)
+* [Modifying the Dockerfile and the config file](https://github.com/Huawei-PaaS/firmament/commit/720ad22af28ed1b2ea84377ec9679bef413746e0)
+* [Adding the grpc health check serivce to firmament](https://github.com/Huawei-PaaS/firmament/commit/a91d754bc38d047780e1f5332157361f6496f885)