diff --git a/CHANGES.rst b/CHANGES.rst
index 495d972..84ea8d7 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -3,9 +3,13 @@ CHANGES
 
 master (unreleased)
 -------------------
+
+3.1.2 (2018.05.09)
+------------------
 * Update InheritanceIterable to inherit from
   ModelIterable instead of BaseIterable, fixes GH-277.
 
+
 3.1.1 (2017.12.17)
 ------------------
 
diff --git a/model_utils/__init__.py b/model_utils/__init__.py
index f23bd9c..f297da6 100644
--- a/model_utils/__init__.py
+++ b/model_utils/__init__.py
@@ -1,4 +1,4 @@
 from .choices import Choices
 from .tracker import FieldTracker, ModelTracker
 
-__version__ = '3.1.1'
+__version__ = '3.1.2'