diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8b5f33f0..d5425ea0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # paranoia Changelog
 
+## 2.3.1
+
+* [#397](https://github.com/rubysherpas/paranoia/pull/397) Bump active record max version to support 5.1 final
+
 ## 2.3.0 (2017-04-14)
 
 * [#393](https://github.com/rubysherpas/paranoia/pull/393) Drop support for Rails 4.1 and begin supporting Rails 5.1.
diff --git a/lib/paranoia/version.rb b/lib/paranoia/version.rb
index 2c7ed6b9..6349baaa 100644
--- a/lib/paranoia/version.rb
+++ b/lib/paranoia/version.rb
@@ -1,3 +1,3 @@
 module Paranoia
-  VERSION = '2.3.0'.freeze
+  VERSION = '2.3.1'.freeze
 end