diff --git a/CHANGELOG.md b/CHANGELOG.md
index 26d1c87aa4..927c2f688f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## 0.3.1 (March 23, 2017)
+
+IMPROVEMENTS:
+
+- CLI returns exit code 1 and logs error before exiting
+
 ## 0.3.0 (March 23, 2017)
 
 BREAKING CHANGES:
diff --git a/version/version.go b/version/version.go
index 3a114fc238..7708867588 100644
--- a/version/version.go
+++ b/version/version.go
@@ -2,6 +2,6 @@ package version
 
 const Maj = "0"
 const Min = "3"
-const Fix = "0"
+const Fix = "1"
 
 const Version = Maj + "." + Min + "." + Fix