diff --git a/.changes/1.7.1.md b/.changes/1.7.1.md
new file mode 100644
index 00000000..34e836d2
--- /dev/null
+++ b/.changes/1.7.1.md
@@ -0,0 +1,12 @@
+## dbt-trino 1.7.1 - December 20, 2023
+### Features
+- Support CREATE OR REPLACE in table materialization ([#371](https://github.com/starburstdata/dbt-trino/issues/371), [#377](https://github.com/starburstdata/dbt-trino/pull/377))
+- Add oauth_console authentication type ([#379](https://github.com/starburstdata/dbt-trino/pull/379))
+### Under the Hood
+- Query table_comments without unrolling with UNION ALL ([#357](https://github.com/starburstdata/dbt-trino/pull/357))
+- Raise explicit error if location property is specified for snapshot ([#380](https://github.com/starburstdata/dbt-trino/pull/380))
+
+### Contributors
+- [@damian3031](https://github.com/damian3031) ([#377](https://github.com/starburstdata/dbt-trino/pull/377), [#380](https://github.com/starburstdata/dbt-trino/pull/380))
+- [@findepi](https://github.com/findepi) ([#357](https://github.com/starburstdata/dbt-trino/pull/357))
+- [@hovaesco](https://github.com/hovaesco) ([#379](https://github.com/starburstdata/dbt-trino/pull/379))
diff --git a/.changes/unreleased/Features-20231129-195500.yaml b/.changes/1.7.1/Features-20231129-195500.yaml
similarity index 100%
rename from .changes/unreleased/Features-20231129-195500.yaml
rename to .changes/1.7.1/Features-20231129-195500.yaml
diff --git a/.changes/unreleased/Features-20231201-103207.yaml b/.changes/1.7.1/Features-20231201-103207.yaml
similarity index 100%
rename from .changes/unreleased/Features-20231201-103207.yaml
rename to .changes/1.7.1/Features-20231201-103207.yaml
diff --git a/.changes/unreleased/Under the Hood-20231003-161428.yaml b/.changes/1.7.1/Under the Hood-20231003-161428.yaml
similarity index 100%
rename from .changes/unreleased/Under the Hood-20231003-161428.yaml
rename to .changes/1.7.1/Under the Hood-20231003-161428.yaml
diff --git a/.changes/unreleased/Under the Hood-20231206-171742.yaml b/.changes/1.7.1/Under the Hood-20231206-171742.yaml
similarity index 100%
rename from .changes/unreleased/Under the Hood-20231206-171742.yaml
rename to .changes/1.7.1/Under the Hood-20231206-171742.yaml
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8cf980a3..519a88e8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,18 @@
 - Changes are listed under the (pre)release in which they first appear. Subsequent releases include changes from previous releases.
 - "Breaking changes" listed under a version may require action from end users or external maintainers when upgrading to that version.
 - Do not edit this file directly. This file is auto-generated using [changie](https://github.com/miniscruff/changie). For details on how to document a change, see [the contributing guide](https://github.com/starburstdata/dbt-trino/blob/master/CONTRIBUTING.md#adding-changelog-entry)
+## dbt-trino 1.7.1 - December 20, 2023
+### Features
+- Support CREATE OR REPLACE in table materialization ([#371](https://github.com/starburstdata/dbt-trino/issues/371), [#377](https://github.com/starburstdata/dbt-trino/pull/377))
+- Add oauth_console authentication type ([#379](https://github.com/starburstdata/dbt-trino/pull/379))
+### Under the Hood
+- Query table_comments without unrolling with UNION ALL ([#357](https://github.com/starburstdata/dbt-trino/pull/357))
+- Raise explicit error if location property is specified for snapshot ([#380](https://github.com/starburstdata/dbt-trino/pull/380))
+
+### Contributors
+- [@damian3031](https://github.com/damian3031) ([#377](https://github.com/starburstdata/dbt-trino/pull/377), [#380](https://github.com/starburstdata/dbt-trino/pull/380))
+- [@findepi](https://github.com/findepi) ([#357](https://github.com/starburstdata/dbt-trino/pull/357))
+- [@hovaesco](https://github.com/hovaesco) ([#379](https://github.com/starburstdata/dbt-trino/pull/379))
 ## dbt-trino 1.7.0 - November 02, 2023
 ### Breaking Changes
 - Update dbt-core to 1.7.0rc1 ([#361](https://github.com/starburstdata/dbt-trino/issues/361), [#363](https://github.com/starburstdata/dbt-trino/pull/363))
diff --git a/dbt/adapters/trino/__version__.py b/dbt/adapters/trino/__version__.py
index a55413d1..116d5667 100644
--- a/dbt/adapters/trino/__version__.py
+++ b/dbt/adapters/trino/__version__.py
@@ -1 +1 @@
-version = "1.7.0"
+version = "1.7.1"