diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8459331a..913230fa 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,11 +7,19 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 ## [Unreleased]
 
-- [#]
+- None
+
+## [v0.3.1] - 2021-11-26
+
+- [#634]: update ELF parsing dependencies
 - [#633]: make RTT buffer size configurable
+- [#630]: Add test instructions to README.md
+- [#626]: Make errror message more meaningful in case of version-mismatch
 
+[#634]: https://github.com/knurling-rs/defmt/pull/634
 [#633]: https://github.com/knurling-rs/defmt/pull/633
-
+[#630]: https://github.com/knurling-rs/defmt/pull/630
+[#626]: https://github.com/knurling-rs/defmt/pull/626
 
 ## [v0.3.0] - 2021-11-09
 
@@ -430,7 +438,8 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 Initial release
 
-[Unreleased]: https://github.com/knurling-rs/defmt/compare/defmt-v0.3.0...main
+[Unreleased]: https://github.com/knurling-rs/defmt/compare/defmt-v0.3.1...main
+[v0.3.1]: https://github.com/knurling-rs/defmt/compare/defmt-v0.3.0...defmt-v0.3.1
 [v0.3.0]: https://github.com/knurling-rs/defmt/compare/defmt-v0.2.3...defmt-v0.3.0
 [v0.2.3]: https://github.com/knurling-rs/defmt/compare/defmt-v0.2.2...defmt-v0.2.3
 [v0.2.2]: https://github.com/knurling-rs/defmt/compare/defmt-v0.2.1...defmt-v0.2.2
diff --git a/decoder/Cargo.toml b/decoder/Cargo.toml
index ecdff46f..ad8e54bf 100644
--- a/decoder/Cargo.toml
+++ b/decoder/Cargo.toml
@@ -7,7 +7,7 @@ license = "MIT OR Apache-2.0"
 name = "defmt-decoder"
 readme = "../README.md"
 repository = "https://github.com/knurling-rs/defmt"
-version = "0.3.0"
+version = "0.3.1"
 
 [dependencies]
 defmt-parser = { path = "../parser", features = ["unstable"], version = "=0.3.0" }
diff --git a/firmware/defmt-rtt/Cargo.toml b/firmware/defmt-rtt/Cargo.toml
index bc25aa2f..4bc53437 100644
--- a/firmware/defmt-rtt/Cargo.toml
+++ b/firmware/defmt-rtt/Cargo.toml
@@ -8,7 +8,7 @@ license = "MIT OR Apache-2.0"
 name = "defmt-rtt"
 readme = "README.md"
 repository = "https://github.com/knurling-rs/defmt"
-version = "0.3.0"
+version = "0.3.1"
 
 [dependencies]
 cortex-m = "0.7"
diff --git a/macros/Cargo.toml b/macros/Cargo.toml
index 1282b90d..3352c663 100644
--- a/macros/Cargo.toml
+++ b/macros/Cargo.toml
@@ -7,7 +7,7 @@ license = "MIT OR Apache-2.0"
 name = "defmt-macros"
 readme = "../README.md"
 repository = "https://github.com/knurling-rs/defmt"
-version = "0.3.0"
+version = "0.3.1"
 
 [lib]
 proc-macro = true
diff --git a/print/Cargo.toml b/print/Cargo.toml
index 0dbb7c53..9fd01c24 100644
--- a/print/Cargo.toml
+++ b/print/Cargo.toml
@@ -8,12 +8,12 @@ license = "MIT OR Apache-2.0"
 name = "defmt-print"
 readme = "README.md"
 repository = "https://github.com/knurling-rs/defmt"
-version = "0.3.0"
+version = "0.3.1"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
 
 [dependencies]
 anyhow = "1"
-defmt-decoder = { path = "../decoder", features = ["unstable"], version = "=0.3.0" }
+defmt-decoder = { path = "../decoder", features = ["unstable"], version = "=0.3.1" }
 log = "0.4"
 structopt = "0.3"
diff --git a/qemu-run/Cargo.toml b/qemu-run/Cargo.toml
index f82f9b74..0241956b 100644
--- a/qemu-run/Cargo.toml
+++ b/qemu-run/Cargo.toml
@@ -8,4 +8,4 @@ version = "0.1.0"
 
 [dependencies]
 anyhow = "1"
-defmt-decoder = { path = "../decoder", features = ["unstable"], version = "=0.3.0" }
+defmt-decoder = { path = "../decoder", features = ["unstable"], version = "=0.3.1" }