diff --git a/DESCRIPTION b/DESCRIPTION
index 335d020dd..c44a9ba3d 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: pak
 Title: Another Approach to Package Installation
-Version: 0.7.0.9000
+Version: 0.7.1
 Authors@R: c(
     person("Gábor", "Csárdi", , "csardi.gabor@gmail.com", role = c("aut", "cre")),
     person("Jim", "Hester", role = "aut"),
diff --git a/NEWS.md b/NEWS.md
index 7cbed08f5..492f03ae6 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# pak (development version)
+# pak 0.7.1
 
 * pak can now handle the case when `Config/Needs/*` dependencies
   are requested for package from a repository.