diff --git a/CHANGES.md b/CHANGES.md
index 3c6fd7ee..8388c27b 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -7,6 +7,9 @@
 Unreleased
 ==========
 
+0.3.1
+==========
+
 * [#311](https://github.com/serokell/xrefcheck/issues/311)
   + Fix a "resource exhausted" crash on repositories containing a large number
     of Markdown files.
diff --git a/package.yaml b/package.yaml
index 5d493fee..8b6692b5 100644
--- a/package.yaml
+++ b/package.yaml
@@ -5,7 +5,7 @@
 spec-version: 0.31.0
 
 name:                xrefcheck
-version:             0.3.0
+version:             0.3.1
 github:              serokell/xrefcheck
 license:             MPL-2.0
 license-file:        LICENSE