diff --git a/CHANGELOG.md b/CHANGELOG.md
index f5ba1cee..a5dffcda 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Changelog:
 
+# v0.3.1
+
+### Changes
+* Added `SECURITY.md` file. [#253](https://github.com/argoproj-labs/argocd-autopilot/issues/253)
+* Updated `golangci-lint` to `v1.45.2`. [#256](https://github.com/argoproj-labs/argocd-autopilot/pull/256)
+* Moved from `mockery` tool to `mockgen`. [#256](https://github.com/argoproj-labs/argocd-autopilot/pull/256)
+* Added `snyk` security scan in CI and Release pipelines. [#256](https://github.com/argoproj-labs/argocd-autopilot/pull/256)
+* Bumped `github.com/argoproj/argo-cd` dependency to `v2.3.2`. [#256](https://github.com/argoproj-labs/argocd-autopilot/pull/256)
+
+
 # v0.3.0
 
 ### Security Fixes
diff --git a/Makefile b/Makefile
index 37a588d9..a9db1fed 100644
--- a/Makefile
+++ b/Makefile
@@ -1,4 +1,4 @@
-VERSION=v0.3.0
+VERSION=v0.3.1
 OUT_DIR=dist
 
 CLI_NAME?=argocd-autopilot
diff --git a/docs/releases/release_notes.md b/docs/releases/release_notes.md
index 5d38cb3d..c01e5b24 100644
--- a/docs/releases/release_notes.md
+++ b/docs/releases/release_notes.md
@@ -1,8 +1,9 @@
-### Security Fixes
-* Moved to using Argo-CD and ApplicationSet stable versions (currently: argocd-v2.3.1 and applicationset-v0.4.1). [#247](https://github.com/argoproj-labs/argocd-autopilot/pull/247)
-
 ### Changes
-* Removed dependency on `argoproj-labs/applicationset` and moved to install it from https://github.com/argoproj/argo-cd/tree/master/manifests/addons/applicationset. [#247](https://github.com/argoproj-labs/argocd-autopilot/pull/247)
+* Added `SECURITY.md` file. [#253](https://github.com/argoproj-labs/argocd-autopilot/issues/253)
+* Updated `golangci-lint` to `v1.45.2`. [#256](https://github.com/argoproj-labs/argocd-autopilot/pull/256)
+* Moved from `mockery` tool to `mockgen`. [#256](https://github.com/argoproj-labs/argocd-autopilot/pull/256)
+* Added `snyk` security scan in CI and Release pipelines. [#256](https://github.com/argoproj-labs/argocd-autopilot/pull/256)
+* Bumped `github.com/argoproj/argo-cd` dependency to `v2.3.2`. [#256](https://github.com/argoproj-labs/argocd-autopilot/pull/256)
 
 ### Contributors:
 - Roi Kramer ([@roi-codefresh](https://github.com/roi-codefresh))
@@ -44,7 +45,7 @@ argocd-autopilot version
 ### Linux and WSL (using curl):
 ```bash
 # download and extract the binary
-curl -L --output - https://github.com/argoproj-labs/argocd-autopilot/releases/download/v0.3.0/argocd-autopilot-linux-amd64.tar.gz | tar zx
+curl -L --output - https://github.com/argoproj-labs/argocd-autopilot/releases/download/v0.3.1/argocd-autopilot-linux-amd64.tar.gz | tar zx
 
 # move the binary to your $PATH
 mv ./argocd-autopilot-* /usr/local/bin/argocd-autopilot
@@ -56,7 +57,7 @@ argocd-autopilot version
 ### Mac (using curl):
 ```bash
 # download and extract the binary
-curl -L --output - https://github.com/argoproj-labs/argocd-autopilot/releases/download/v0.3.0/argocd-autopilot-darwin-amd64.tar.gz | tar zx
+curl -L --output - https://github.com/argoproj-labs/argocd-autopilot/releases/download/v0.3.1/argocd-autopilot-darwin-amd64.tar.gz | tar zx
 
 # move the binary to your $PATH
 mv ./argocd-autopilot-* /usr/local/bin/argocd-autopilot
@@ -71,5 +72,5 @@ When using the Docker image, you have to provide the `.kube` and `.gitconfig` di
 docker run \
   -v ~/.kube:/home/autopilot/.kube \
   -v ~/.gitconfig:/home/autopilot/.gitconfig \
-  -it quay.io/argoprojlabs/argocd-autopilot:v0.3.0 <cmd> <flags>
+  -it quay.io/argoprojlabs/argocd-autopilot:v0.3.1 <cmd> <flags>
 ```