diff --git a/CHANGELOG.md b/CHANGELOG.md
index 46cf419..3d0e7b2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,8 @@
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 ## [Unreleased]
+
+## [0.7.1] - 2020-04-16
 ### Changed
 - avifenc: Set nclx/range values in avifImage earlier so proper YUV coefficients are used when converting JPEG/PNG
 
@@ -377,7 +379,8 @@
 - Constants `AVIF_VERSION`, `AVIF_VERSION_MAJOR`, `AVIF_VERSION_MINOR`, `AVIF_VERSION_PATCH`
 - `avifVersion()` function
 
-[Unreleased]: https://github.com/AOMediaCodec/libavif/compare/v0.7.0...HEAD
+[Unreleased]: https://github.com/AOMediaCodec/libavif/compare/v0.7.1...HEAD
+[0.7.1]: https://github.com/AOMediaCodec/libavif/compare/v0.7.0...v0.7.1
 [0.7.0]: https://github.com/AOMediaCodec/libavif/compare/v0.6.4...v0.7.0
 [0.6.4]: https://github.com/AOMediaCodec/libavif/compare/v0.6.3...v0.6.4
 [0.6.3]: https://github.com/AOMediaCodec/libavif/compare/v0.6.2...v0.6.3
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 7919dd7..2a047ad 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -7,7 +7,7 @@
 # and find_package()
 list(APPEND CMAKE_MODULE_PATH "${CMAKE_CURRENT_SOURCE_DIR}/cmake/Modules")
 
-project(libavif LANGUAGES C CXX VERSION 0.7.0)
+project(libavif LANGUAGES C CXX VERSION 0.7.1)
 
 # SOVERSION scheme: MAJOR.MINOR.PATCH
 #   If there was an incompatible interface change:
@@ -18,7 +18,7 @@
 #     Increment PATCH.
 set(LIBRARY_VERSION_MAJOR 3)
 set(LIBRARY_VERSION_MINOR 0)
-set(LIBRARY_VERSION_PATCH 0)
+set(LIBRARY_VERSION_PATCH 1)
 set(LIBRARY_VERSION "${LIBRARY_VERSION_MAJOR}.${LIBRARY_VERSION_MINOR}.${LIBRARY_VERSION_PATCH}")
 set(LIBRARY_SOVERSION ${LIBRARY_VERSION_MAJOR})
 
diff --git a/include/avif/avif.h b/include/avif/avif.h
index 0dccf56..cc4c2b8 100644
--- a/include/avif/avif.h
+++ b/include/avif/avif.h
@@ -16,7 +16,7 @@
 
 #define AVIF_VERSION_MAJOR 0
 #define AVIF_VERSION_MINOR 7
-#define AVIF_VERSION_PATCH 0
+#define AVIF_VERSION_PATCH 1
 #define AVIF_VERSION (AVIF_VERSION_MAJOR * 10000) + (AVIF_VERSION_MINOR * 100) + AVIF_VERSION_PATCH
 
 typedef int avifBool;