diff --git a/CHANGELOG.md b/CHANGELOG.md
index 42f43e1f..6e843eb5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,14 @@
 
 All notable changes to this project will be documented in this file. See [standard-version](https://github.com/conventional-changelog/standard-version) for commit guidelines.
 
+## [3.1.1](https://github.com/paraspell/xcm-sdk/compare/v3.1.0...v3.1.1) (2024-01-07)
+
+
+### Bug Fixes
+
+* Fix release.yml ([5835b36](https://github.com/paraspell/xcm-sdk/commit/5835b366fe2b6710d2a5c57d181be34b745c69d2))
+* Update Parallel node to use XTokens V3 & Update Calamari node to use unlimited fees 🔧 ([38b8bef](https://github.com/paraspell/xcm-sdk/commit/38b8bef8898bcb345bfaba01c9912b2925d5a612))
+
 ## [3.1.0](https://github.com/paraspell/xcm-sdk/compare/v3.0.11...v3.1.0) (2024-01-07)
 
 
diff --git a/package.json b/package.json
index 4f30ad25..67498be3 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@paraspell/sdk",
-  "version": "3.0.11",
+  "version": "3.1.1",
   "description": "SDK for ParaSpell XCM/XCMP tool for developers",
   "repository": "@paraspell/sdk",
   "license": "MIT",