diff --git a/CHANGELOG.md b/CHANGELOG.md
index bbde023ee..51de9d2d7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,20 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [v0.28.1]
+
+### Summary
+
+This patch release backports (from the BDK 1.0 dev branch) a fix for a bug in the policy condition calculation and adds a new taproot single key descriptor template (BIP-86). The policy condition calculation bug can cause issues when a policy subtree fails due to missing info even if it's not selected when creating a new transaction, errors on unused policy paths are now ignored.
+
+### Fixed
+
+- Backported #932 fix for policy condition calculation #1008
+
+### Added
+
+-  Backported #840 taproot descriptor template (BIP-86) #1033
+
 ## [v0.28.0]
 
 ### Summary
@@ -656,4 +670,5 @@ final transaction is created by calling `finish` on the builder.
 [v0.27.0]: https://github.com/bitcoindevkit/bdk/compare/v0.26.0...v0.27.0
 [v0.27.1]: https://github.com/bitcoindevkit/bdk/compare/v0.27.0...v0.27.1
 [v0.28.0]: https://github.com/bitcoindevkit/bdk/compare/v0.27.1...v0.28.0
-[Unreleased]: https://github.com/bitcoindevkit/bdk/compare/v0.28.0...HEAD
+[v0.28.1]: https://github.com/bitcoindevkit/bdk/compare/v0.28.0...v0.28.1
+[Unreleased]: https://github.com/bitcoindevkit/bdk/compare/v0.28.1...HEAD
diff --git a/Cargo.toml b/Cargo.toml
index 079e60258..9f27761f5 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "bdk"
-version = "0.28.0"
+version = "0.28.1"
 edition = "2018"
 authors = ["Alekos Filini <alekos.filini@gmail.com>", "Riccardo Casatta <riccardo@casatta.it>"]
 homepage = "https://bitcoindevkit.org"