diff --git a/CHANGELOG b/CHANGELOG
index 7d8c3b6c..ca1afd9d 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,3 +1,10 @@
+15 January 2017
+Version 0.5.3.1
+
+[Bugfix] - Fix issue when stdout.encoding is None (#165)
+
+-------------------------------------------------------------------------------
+
 13 January 2017
 Version 0.5.3
 
diff --git a/pafy/__init__.py b/pafy/__init__.py
index b5def2bb..8821714e 100644
--- a/pafy/__init__.py
+++ b/pafy/__init__.py
@@ -1,4 +1,4 @@
-__version__ = "0.5.3"
+__version__ = "0.5.3.1"
 __author__ = "np1"
 __license__ = "LGPLv3"