diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0cbc1c6..c76cf60 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,44 @@
+## [CAPI Control Plane Provider Talos 0.3.1](https://github.com/talos-systems/cluster-api-control-plane-provider-talos/releases/tag/v0.3.1) (2021-11-10)
+
+Welcome to the v0.3.1 release of CAPI Control Plane Provider Talos!
+
+
+
+Please try out the release binaries and report any issues at
+https://github.com/talos-systems/cluster-api-control-plane-provider-talos/issues.
+
+### CAPI v1alpha4
+
+This release of CACPPT brings compatibility with CAPI v1alpha4.
+
+Support new conditions, which should simplify CABPT issues debugging:
+- `MachinesReady` reports an aggregate of current status of the machines controlled by the TalosControlPlane.
+- `Available` the first control plane instance has completed Talos boot sequence and so the control plane is available and an API server instance is ready for processing requests.
+- `Resized` TalosControlPlane is resizing the set of controlled machines.
+- `ControlPlaneComponentsHealthy` reports the overall status of control plane components implemented as static pods generated by Talos including kube-api-server, kube-controller manager, kube-scheduler and etcd.
+- `EtcdClusterHealthyCondition` overall etcd cluster's health.
+- `MachinesCreated` the machines controlled by the TalosControlPlane are created.
+
+
+
+### Contributors
+
+* Artem Chernyshev
+
+### Changes
+<details><summary>1 commit</summary>
+<p>
+
+* [`8d99bfd`](https://github.com/talos-systems/cluster-api-control-plane-provider-talos/commit/8d99bfdb4af877e149e3eb609217620fea0da47c) fix: properly pick talos client configuration
+</p>
+</details>
+
+### Dependency Changes
+
+This release has no dependency changes
+
+Previous release can be found at [v0.3.0](https://github.com/talos-systems/cluster-api-control-plane-provider-talos/releases/tag/v0.3.0)
+
 ## [CAPI Control Plane Provider Talos 0.3.0](https://github.com/talos-systems/cluster-api-control-plane-provider-talos/releases/tag/v0.3.0) (2021-10-08)
 
 Welcome to the v0.3.0 release of CAPI Control Plane Provider Talos!
diff --git a/hack/release.toml b/hack/release.toml
index 10b492e..7cb6e0d 100644
--- a/hack/release.toml
+++ b/hack/release.toml
@@ -6,7 +6,7 @@ github_repo = "talos-systems/cluster-api-control-plane-provider-talos"
 match_deps = "^github.com/(talos-systems/[a-zA-Z0-9-]+)$"
 
 # previous release
-previous = "v0.2.0"
+previous = "v0.3.0"
 
 pre_release = false