diff --git a/CHANGELOG.md b/CHANGELOG.md
index a26bca734..0c4648662 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # PowerShell Editor Services Release History
 
+## v3.1.0
+### Monday, January 10, 2022
+
+So many more tests have been turned back on!
+
+- ✨ 🙏 [PowerShellEditorServices #1658](https://github.com/PowerShell/PowerShellEditorServices/pull/1658) - Bump PSReadLine module to 2.2.0-beta5.
+- 🐛 🚨 [PowerShellEditorServices #1444](https://github.com/PowerShell/PowerShellEditorServices/pull/1657) - Re-enable `ExtensionCommandTests.cs`.
+- 🐛 🙏 [PowerShellEditorServices #1656](https://github.com/PowerShell/PowerShellEditorServices/pull/1656) - Resurrect support to resolve aliased references.
+- 🐛 🚨 [PowerShellEditorServices #1445](https://github.com/PowerShell/PowerShellEditorServices/pull/1655) - Split and clean up `LanguageServiceTests.cs`.
+- 🐛 🔍 [vscode-powershell #3715](https://github.com/PowerShell/PowerShellEditorServices/pull/1652) - Fix regression with `F5` to use `.` instead of `&` operator.
+- ✨ 🚨 [vscode-powershell #3677](https://github.com/PowerShell/PowerShellEditorServices/pull/1651) - Enable `PsesInternalHostTests` (previously `PowerShellContextTests`).
+
 ## v2.5.3
 ### Wednesday, December 22, 2021
 
diff --git a/PowerShellEditorServices.Common.props b/PowerShellEditorServices.Common.props
index 50a87493c..78018f698 100644
--- a/PowerShellEditorServices.Common.props
+++ b/PowerShellEditorServices.Common.props
@@ -1,6 +1,6 @@
 <Project>
   <PropertyGroup>
-    <VersionPrefix>3.0.3</VersionPrefix>
+    <VersionPrefix>3.1.0</VersionPrefix>
     <VersionSuffix></VersionSuffix>
     <Company>Microsoft</Company>
     <Copyright>© Microsoft Corporation.</Copyright>
diff --git a/module/PowerShellEditorServices/PowerShellEditorServices.psd1 b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
index fd0b9bcd0..3bd7cfcb5 100644
--- a/module/PowerShellEditorServices/PowerShellEditorServices.psd1
+++ b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
@@ -19,7 +19,7 @@ RootModule = if ($PSEdition -eq 'Core')
     }
 
 # Version number of this module.
-ModuleVersion = '3.0.3'
+ModuleVersion = '3.1.0'
 
 # ID used to uniquely identify this module
 GUID = '9ca15887-53a2-479a-9cda-48d26bcb6c47'