diff --git a/CHANGELOG.md b/CHANGELOG.md
index 209c6c141..9edeb1aa5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,17 @@
 # CHANGELOG
+## 0.3.1
+> Published 2 Feb 2024
+
+### Features
+- Updated Kotlin to `1.9.22`
+- Enabled Wasm Wasi target [#236](https://github.com/Kotlin/kotlinx-io/pull/236) (Note that neither of Wasm targets has filesystem support yet)
+- Support path resolution [#228](https://github.com/Kotlin/kotlinx-io/pull/228)
+
+### Bugfixes
+- Fixed `Path::parent` behavior on Windows [#227](https://github.com/Kotlin/kotlinx-io/pull/227)
+- Aligned behavior of `FileSystem::sink` and `FileSystem::source` across all platforms [#252](https://github.com/Kotlin/kotlinx-io/pull/252)
+- Fixed handling of paths containing a whitespace character [#248](https://github.com/Kotlin/kotlinx-io/pull/248)
+
 ## 0.3.0
 > Published 13 Sep 2023
 
diff --git a/README.md b/README.md
index 81a7ad58b..cd1fbcb27 100644
--- a/README.md
+++ b/README.md
@@ -48,7 +48,7 @@ repositories {
 Add the library to dependencies:
 ```kotlin
 dependencies {
-    implementation("org.jetbrains.kotlinx:kotlinx-io-core:0.3.0")
+    implementation("org.jetbrains.kotlinx:kotlinx-io-core:0.3.1")
 }
 ```
 
@@ -58,7 +58,7 @@ kotlin {
     sourceSets {
         commonMain {
             dependencies {
-                implementation("org.jetbrains.kotlinx:kotlinx-io-core:0.3.0")
+                implementation("org.jetbrains.kotlinx:kotlinx-io-core:0.3.1")
             }
         }
     }
@@ -72,7 +72,7 @@ Add the library to dependencies:
 <dependency>
     <groupId>org.jetbrains.kotlinx</groupId>
     <artifactId>kotlinx-io-core-jvm</artifactId>
-    <version>0.3.0</version>
+    <version>0.3.1</version>
 </dependency>
 ```