diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9d9d9c03e5..93c629399b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,16 @@
 
 All notable changes to this project will be documented in this file.
 
+## [1.0.48] - 2023-08-28
+
+### 🚀 New Features and Enhancements
+
+- Add "Matrix Pipeline Stage" dvc snippet [#4577](https://github.com/iterative/vscode-dvc/pull/4577) by [@julieg18](https://github.com/julieg18)
+
+### 🔨 Maintenance
+
+- Call Studio API will all refs available on the Git remote [#4580](https://github.com/iterative/vscode-dvc/pull/4580) by [@mattseddon](https://github.com/mattseddon)
+
 ## [1.0.47] - 2023-08-25
 
 ### 🚀 New Features and Enhancements
diff --git a/extension/package.json b/extension/package.json
index 720d3b0a2b..891bca8f86 100644
--- a/extension/package.json
+++ b/extension/package.json
@@ -9,7 +9,7 @@
   "extensionDependencies": [
     "vscode.git"
   ],
-  "version": "1.0.47",
+  "version": "1.0.48",
   "license": "Apache-2.0",
   "readme": "./README.md",
   "repository": {