diff --git a/CHANGELOG b/CHANGELOG
index 579b1b66..76903180 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,5 +1,5 @@
 
-Development version (next release)
+Version 0.7.1
 - Improved performance of large power-of-2 xGEMM kernels for AMD GPUs
 - Fixed a bug in the xGEMM routine related to the event incorrectly set
 - Made MSVC link the run-time libraries statically
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 3409196d..02ffba1d 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -19,7 +19,7 @@ set(CMAKE_USER_MAKE_RULES_OVERRIDE_CXX ${CMAKE_CURRENT_SOURCE_DIR}/cmake/cxx_fla
 project("clblast" C CXX)
 set(clblast_VERSION_MAJOR 0)
 set(clblast_VERSION_MINOR 7)
-set(clblast_VERSION_PATCH 0)
+set(clblast_VERSION_PATCH 1)
 
 # Options and their default values
 option(SAMPLES "Enable compilation of the examples" OFF)