diff --git a/CHANGELOG.md b/CHANGELOG.md
index d51b2f42..1a8f59a6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,6 +11,20 @@ recommendations of [keepachangelog.com](http://keepachangelog.com/).
 
 ### Added
 
+- None
+
+### Fixed
+
+- None
+
+## 7.1.0 (2017-07-09)
+
+### Breaking Changes
+
+- None
+
+### Added
+
 - [#803](https://github.com/airblade/paper_trail/issues/803)
   Deprecate `where_object_changes` when reading json from a text column
 - [#976](https://github.com/airblade/paper_trail/pull/976)
diff --git a/README.md b/README.md
index bd65749f..aa07a59c 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 |
-| 7.0.3          | https://github.com/airblade/paper_trail/blob/v7.0.3/README.md |
+| 7.1.0          | https://github.com/airblade/paper_trail/blob/v7.1.0/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 df987b60..413a6bf2 100644
--- a/lib/paper_trail/version_number.rb
+++ b/lib/paper_trail/version_number.rb
@@ -6,8 +6,8 @@ module PaperTrail
   # People are encouraged to use `PaperTrail.gem_version` instead.
   module VERSION
     MAJOR = 7
-    MINOR = 0
-    TINY = 3
+    MINOR = 1
+    TINY = 0
     PRE = nil
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join(".").freeze