diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8ad86f4404..9bdb230092 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,7 +4,7 @@ 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).
 
-## [0.16.1] - Apr. XX, 2024
+## [0.16.1] - Apr. 10, 2024
 
 This is a bug-fix release, which also provides a change needed by ``numba_dpex`` project to support dispatching kernels
 consuming instances of ``sycl::local_accessor`` template type.
diff --git a/CMakeLists.txt b/CMakeLists.txt
index eb1346a423..c2b94e1dc6 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,7 +1,7 @@
 cmake_minimum_required(VERSION 3.21...3.27 FATAL_ERROR)
 
 project(dpctl
-    VERSION 0.15
+    VERSION 0.16
     LANGUAGES CXX
     DESCRIPTION "Python interface for XPU programming"
 )