diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 0000000..e361a72
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,21 @@
+# Changelog
+
+All notable changes to this project will be documented in this file.
+
+The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
+and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
+
+## [Unreleased]
+
+## [0.3.1](https://github.com/microsoft/stackfuture/compare/v0.3.0...v0.3.1) - 2025-11-18
+
+### Other
+
+- Change 'F' to 'Future' in panic messages
+- Print detailed panic messages
+- Potential fix for code scanning alert no. 2: Workflow does not contain permissions
+- Fix another dead_code issue
+- cargo fmt
+- General updates, cleanups, and fixes
+- Add auto-updates from dependabot
+- Add missing copyright header and fix SUPPORT.md
diff --git a/Cargo.toml b/Cargo.toml
index b28ef32..963ff64 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -4,7 +4,7 @@
 [package]
 name = "stackfuture"
 description = "StackFuture is a wrapper around futures that stores the wrapped future in space provided by the caller."
-version = "0.3.0"
+version = "0.3.1"
 edition = "2024"
 license = "MIT"
 authors = ["Microsoft"]