diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 0b91994..9e26333 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1 +1 @@
-{".":"3.16.0"}
\ No newline at end of file
+{".":"3.16.1"}
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 807b4d5..46f0a70 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [3.16.1](https://github.com/streamnative/terraform-managed-cloud/compare/v3.16.0...v3.16.1) (2024-11-25)
+
+
+### Bug Fixes
+
+* Add new required EKS permissions ([#99](https://github.com/streamnative/terraform-managed-cloud/issues/99)) ([cfa2446](https://github.com/streamnative/terraform-managed-cloud/commit/cfa24462cd61df1ce96bbcbb15c9ce0aa9b0958c))
+
 ## [3.16.0](https://github.com/streamnative/terraform-managed-cloud/compare/v3.15.0...v3.16.0) (2024-11-20)
 
 
diff --git a/modules/aws/vendor-access/variables.tf b/modules/aws/vendor-access/variables.tf
index 7ff886f..e47bf8d 100644
--- a/modules/aws/vendor-access/variables.tf
+++ b/modules/aws/vendor-access/variables.tf
@@ -16,7 +16,7 @@
 
 variable "sn_policy_version" {
   description = "The value of SNVersion tag"
-  default     = "3.14.1"  # x-release-please-version
+  default     = "3.16.1"  # {{ x-release-please-version }}
   type        = string
 }
 
diff --git a/release-please-config.json b/release-please-config.json
index 74a136a..4f2b308 100644
--- a/release-please-config.json
+++ b/release-please-config.json
@@ -1,8 +1,15 @@
 {
-    "release-type": "terraform-module",
+    "separate-pull-requests": true,
+    "include-component-in-tag": true,
     "packages": {
         ".": {
             "release-type": "terraform-module",
+            "bump-minor-pre-major": true,
+            "versioning": "default",
+            "include-component-in-tag": false,
+            "exclude-paths": [
+                ".github"
+            ],
             "extra-files": [
                 "modules/aws/variables.tf"
             ]