diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7a04b64e..975326ad 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [1.3.1](https://github.com/GoogleCloudPlatform/alloydb-auth-proxy/compare/v1.3.0...v1.3.1) (2023-07-19)
+
+
+### Bug Fixes
+
+* update dependencies to latest ([#386](https://github.com/GoogleCloudPlatform/alloydb-auth-proxy/issues/386)) ([80763dd](https://github.com/GoogleCloudPlatform/alloydb-auth-proxy/commit/80763dd1a25fac2522f701c1d82c36481525579b))
+
 ## [1.3.0](https://github.com/GoogleCloudPlatform/alloydb-auth-proxy/compare/v1.2.4...v1.3.0) (2023-06-15)
 
 
diff --git a/cmd/version.txt b/cmd/version.txt
index 625610ec..3a3cd8cc 100644
--- a/cmd/version.txt
+++ b/cmd/version.txt
@@ -1 +1 @@
-1.3.1-dev
+1.3.1