diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1f71d9bd..2326ccf6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,6 +15,20 @@ recommendations of [keepachangelog.com](http://keepachangelog.com/).
 
 ### Fixed
 
+- None
+
+## 7.1.1 (2017-08-18)
+
+### Breaking Changes
+
+- None
+
+### Added
+
+- None
+
+### Fixed
+
 - Stop including unnecessary files in released gem. Reduces .gem file size
   from 100K to 30K.
 - [#984](https://github.com/airblade/paper_trail/pull/984) - Fix NameError
diff --git a/README.md b/README.md
index aa07a59c..5fd3df88 100644
--- a/README.md
+++ b/README.md
@@ -11,7 +11,7 @@ has been destroyed.
 | Version        | Documentation |
 | -------------- | ------------- |
 | Unreleased     | https://github.com/airblade/paper_trail/blob/master/README.md |
-| 7.1.0          | https://github.com/airblade/paper_trail/blob/v7.1.0/README.md |
+| 7.1.1          | https://github.com/airblade/paper_trail/blob/v7.1.1/README.md |
 | 6.0.2          | https://github.com/airblade/paper_trail/blob/v6.0.2/README.md |
 | 5.2.3          | https://github.com/airblade/paper_trail/blob/v5.2.3/README.md |
 | 4.2.0          | https://github.com/airblade/paper_trail/blob/v4.2.0/README.md |
diff --git a/lib/paper_trail/version_number.rb b/lib/paper_trail/version_number.rb
index 413a6bf2..85e9eaf7 100644
--- a/lib/paper_trail/version_number.rb
+++ b/lib/paper_trail/version_number.rb
@@ -7,7 +7,7 @@ module PaperTrail
   module VERSION
     MAJOR = 7
     MINOR = 1
-    TINY = 0
+    TINY = 1
     PRE = nil
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join(".").freeze