diff --git a/CHANGELOG.md b/CHANGELOG.md
index e749fe61..7c98c7c4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## 4.2.0
+
+### Bug fixes
+
+* Remove use of method `File.exists?` to fix use in Ruby 3.0 ([#318](https://github.com/rubyconfig/config/pull/318))
+
 ## 4.1.0
 
 ### Bug fixes
diff --git a/lib/config/version.rb b/lib/config/version.rb
index ac68e789..107d1173 100644
--- a/lib/config/version.rb
+++ b/lib/config/version.rb
@@ -1,3 +1,3 @@
 module Config
-  VERSION = '4.1.0'.freeze
+  VERSION = '4.2.0'.freeze
 end