diff --git a/README.rst b/README.rst
index b709836f..7c14ab5a 100644
--- a/README.rst
+++ b/README.rst
@@ -45,7 +45,7 @@ The latest source code for SleekXMPP may be found on `Github
 ``develop`` branch.
 
 **Latest Release**
-    - `1.3.0 <http://github.com/fritzy/SleekXMPP/zipball/1.3.0>`_
+    - `1.3.1 <http://github.com/fritzy/SleekXMPP/zipball/1.3.1>`_
 
 **Develop Releases**
     - `Latest Develop Version <http://github.com/fritzy/SleekXMPP/zipball/develop>`_
diff --git a/sleekxmpp/version.py b/sleekxmpp/version.py
index 06ea99c9..ecf62550 100644
--- a/sleekxmpp/version.py
+++ b/sleekxmpp/version.py
@@ -9,5 +9,5 @@
 # We don't want to have to import the entire library
 # just to get the version info for setup.py
 
-__version__ = '1.3.0'
-__version_info__ = (1, 3, 0, '', 0)
+__version__ = '1.3.1'
+__version_info__ = (1, 3, 1, '', 0)