diff --git a/CHANGELOG.md b/CHANGELOG.md
index d7af3801..8270ce60 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-# 0.3.0
+# 0.3.1
 
 ## New Features
 
@@ -14,6 +14,7 @@
 * There is a new method to check GPG signatures of RPMs in images.
 * Documentation is updated, there is also asciinema demo in README.md.
 
+
 # 0.2.0
 
 Please note, that our API is still not marked stable yet.
diff --git a/Makefile b/Makefile
index 1f08d604..a9a4c698 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@
 CONU_REPOSITORY := docker.io/modularitycontainers/conu
 TEST_IMAGE_NAME := conu-tests
 DOC_EXAMPLE_PATH := "docs/source/examples"
-VERSION := 0.3.0
+VERSION := 0.3.1
 
 install-dependencies:
 	./requirements.sh
diff --git a/conu.spec b/conu.spec
index 7be56fd7..f22bbee0 100644
--- a/conu.spec
+++ b/conu.spec
@@ -7,8 +7,8 @@
 %endif
 
 Name:           %{pypi_name}
-Version:        0.3.0
-Release:        2%{?dist}
+Version:        0.3.1
+Release:        1%{?dist}
 Summary:        library which makes it easy to write tests for your containers
 
 License:        GPLv3+
@@ -180,6 +180,9 @@ rm -rf html/.{doctrees,buildinfo}
 %license LICENSE
 
 %changelog
+* Wed May 02 2018 Tomas Tomecek <ttomecek@redhat.com> - 0.3.1-1
+- 0.3.1 release
+
 * Wed May 02 2018 Dominika Hodovska <dhodovsk@redhat.com> 0.3.0-1
 - 0.3.0 release
 
diff --git a/conu/version.py b/conu/version.py
index 2b1b1ca6..3eef9c12 100644
--- a/conu/version.py
+++ b/conu/version.py
@@ -14,4 +14,4 @@
 # along with this program.  If not, see <http://www.gnu.org/licenses/>.
 #
 # https://www.python.org/dev/peps/pep-0440/
-__version__ = "0.3.0"
+__version__ = "0.3.1"