diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7a18e77..cb40b2f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -22,6 +22,9 @@ Line wrap the file at 100 chars.                                              Th
 
 
 ## [Unreleased]
+
+
+## [0.3.1] - 2023-10-25
 ### Changed
 - Use cool down period if TCP accept fails. This avoids excessive CPU usage e.g. when there are no
   free file descriptors available to be allocated.
diff --git a/Cargo.lock b/Cargo.lock
index 92f3f3e..85f955b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -575,7 +575,7 @@ dependencies = [
 
 [[package]]
 name = "udp-over-tcp"
-version = "0.3.0"
+version = "0.3.1"
 dependencies = [
  "clap",
  "env_logger",
diff --git a/Cargo.toml b/Cargo.toml
index c335363..3b63a22 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "udp-over-tcp"
-version = "0.3.0"
+version = "0.3.1"
 authors = ["Mullvad VPN"]
 license = "MIT OR Apache-2.0"
 description = "Tunnel UDP traffic inside a TCP stream. Each datagram is prefixed with a 16 bit unsigned integer containing the length"