diff --git a/CHANGELOG.md b/CHANGELOG.md
index 568bfeab3e61..043dd4bdb8b2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,53 @@
 # Minikube Release Notes
 
+# Version 0.31.0 - 12/08/2018
+
+* Enable gvisor addon in minikube [#3399](https://github.com/kubernetes/minikube/pull/3399)
+* LoadBalancer emulation with `minikube tunnel` [#3015](https://github.com/kubernetes/minikube/pull/3015)
+* Add NET_PRIO cgroup to iso [#3396](https://github.com/kubernetes/minikube/pull/3396)
+* Implement a check to see if an ISO URL is valid [#3287](https://github.com/kubernetes/minikube/pull/3287)
+* Update Ingress-NGINX to 0.21 Release [#3365](https://github.com/kubernetes/minikube/pull/3365)
+* Add schedutils to the guest VM for the ionice command (used by k8s 1.12) [#3419](https://github.com/kubernetes/minikube/pull/3419)
+* Remove both the CoreDNS and KubeDNS addons. Let Kubeadm install the correct DNS addon. [#3332](https://github.com/kubernetes/minikube/pull/3332)
+* Upgrade Docker, from 17.12.1-ce to 18.06.1-ce [#3223](https://github.com/kubernetes/minikube/pull/3223)
+* Include ISO URL and reduce stutter in download error message [#3221](https://github.com/kubernetes/minikube/pull/3221)
+* Add apiserver check to "status", and block "start" until it's healthy. [#3401](https://github.com/kubernetes/minikube/pull/3401)
+* Containerd improvements
+  *  Only restart docker service if container runtime is docker [#3426](https://github.com/kubernetes/minikube/pull/3426)
+  * Restart containerd after stopping alternate runtimes [#3343](https://github.com/kubernetes/minikube/pull/3343)
+* CRI-O improvements
+  * Stop docker daemon, when running cri-o [#3211](https://github.com/kubernetes/minikube/pull/3211)
+  *  Upgrade to crio v1.11.8 [#3313](https://github.com/kubernetes/minikube/pull/3313)
+  * Add config parameter for the cri socket path [#3154](https://github.com/kubernetes/minikube/pull/3154)
+
+* Ton of Build and CI improvements 
+* Ton of documentation updates
+
+Huge thank you for this release towards our contributors: 
+- Akihiro Suda
+- Alexander Ilyin
+- Anders Björklund
+- Balint Pato
+- Bartel Sielski
+- Bily Zhang
+- dlorenc
+- Fernando Diaz
+- Ihor Dvoretskyi
+- jay vyas
+- Joey
+- mikeweiwei
+- mooncake
+- Nguyen Hai Truong
+- Peeyush gupta
+- peterlobster
+- Prakhar Goyal
+- priyawadhwa
+- SataQiu
+- Thomas Strömberg
+- xichengliudui
+- Yongkun Anfernee Gui
+
+
 # Version 0.30.0 - 10/04/2018
 
 * **Fix for [CVE-2018-1002103](https://github.com/kubernetes/minikube/issues/3208): Dashboard vulnerable to DNS rebinding attack** [#3210](https://github.com/kubernetes/minikube/pull/3210)
diff --git a/Makefile b/Makefile
index 10797d1a3e78..51b36aeb3ec4 100755
--- a/Makefile
+++ b/Makefile
@@ -14,7 +14,7 @@
 
 # Bump these on release
 VERSION_MAJOR ?= 0
-VERSION_MINOR ?= 30
+VERSION_MINOR ?= 31
 VERSION_BUILD ?= 0
 VERSION ?= v$(VERSION_MAJOR).$(VERSION_MINOR).$(VERSION_BUILD)
 DEB_VERSION ?= $(VERSION_MAJOR).$(VERSION_MINOR)-$(VERSION_BUILD)
@@ -26,7 +26,7 @@ HYPERKIT_BUILD_IMAGE 	?= karalabe/xgo-1.10.x
 BUILD_IMAGE 	?= k8s.gcr.io/kube-cross:v1.10.1-1
 ISO_BUILD_IMAGE ?= $(REGISTRY)/buildroot-image
 
-ISO_VERSION ?= v0.30.0
+ISO_VERSION ?= v0.31.0
 ISO_BUCKET ?= minikube/iso
 
 MINIKUBE_VERSION ?= $(ISO_VERSION)