diff --git a/docs/release_notes/v0.16.0.md b/docs/release_notes/v0.16.0.md
new file mode 100644
index 00000000..4dbf6832
--- /dev/null
+++ b/docs/release_notes/v0.16.0.md
@@ -0,0 +1,6 @@
+# Release 0.16.0
+
+- feat: add kstatus conforment status updates (#284)
+- Add API docs for ResourcePipeline (#265)
+- chore(deps): bump golang.org/x/net from 0.14.0 to 0.17.0 (#268)
+- doc: describe the helm chart resource (#287)
diff --git a/pkg/version/release.go b/pkg/version/release.go
index 0c5922ae..37541631 100644
--- a/pkg/version/release.go
+++ b/pkg/version/release.go
@@ -5,7 +5,7 @@
 package version
 
 // ReleaseVersion is the version number in semver format "vX.Y.Z", prefixed with "v".
-var ReleaseVersion = "v0.15.0"
+var ReleaseVersion = "v0.16.0"
 
 // ReleaseCandidate is the release candidate ID in format "rc.X", which will be appended to the release version.
 var ReleaseCandidate = "rc.1"