diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3594b85..34343d9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,11 @@
-### Version 0.3.0
+### Version 0.3.1
 
 * Added `link_atac_bed_to_genes` module to link specific peaks from a BED file to nearby genes 
 
+### Version 0.3.0
+
+* Finalized model for prior matrix thresholding
+
 ### Version 0.2.3
 
 * Added additional messaging and a `--debug` mode
diff --git a/setup.py b/setup.py
index 076e826..43d09fd 100644
--- a/setup.py
+++ b/setup.py
@@ -3,7 +3,7 @@
 
 install_requires = ["numpy", "pandas>=1.0", "HTSeq", "pybedtools", "scipy", "pathos", "sklearn"]
 tests_require = ["coverage", "nose", "pysam"]
-version = "0.3.0"
+version = "0.3.1"
 
 # Description from README.md
 base_dir = os.path.dirname(os.path.abspath(__file__))