diff --git a/CMakeLists.txt b/CMakeLists.txt
index 266e8ca5..fd97386b 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -15,7 +15,7 @@ list(APPEND CMAKE_MODULE_PATH ${CMAKE_SOURCE_DIR}/cmake )
 #
 set(GETTEXT_PACKAGE "geary")
 set(RELEASE_NAME "Lightweight email client for GNOME.")
-set(VERSION "0.3.0+trunk")
+set(VERSION "0.3.1")
 set(VERSION_INFO "Release")
 set(LANGUAGE_SUPPORT_DIRECTORY ${CMAKE_INSTALL_PREFIX}/share/locale)
 
diff --git a/NEWS b/NEWS
index a0339f0a..0f4bc4d5 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,11 @@
+Geary 0.3.1 - 9 April 2013
+---------------------------
+
+  * Reduced CPU and memory footprint
+  * Account dialog bugs fixed
+  * Stability improvements
+
+
 Geary 0.3.0 - 19 March 2013
 ---------------------------
 
diff --git a/debian/changelog b/debian/changelog
index 92c474aa..38526a03 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,3 +1,11 @@
+geary (0.3.1-1~raring1) raring; urgency=low
+
+  * Reduced CPU and memory footprint
+  * Account dialog bugs fixed
+  * Stability improvements
+
+ -- Eric Gregory <eric@yorba.org>  Tue, 09 Apr 2013 11:39:44 -0700
+
 geary (0.3.0-2~raring1) raring; urgency=low
 
   * Fix control file