diff --git a/config/settings.py b/config/settings.py
index 81bd5c1a6..05e4c5e4d 100644
--- a/config/settings.py
+++ b/config/settings.py
@@ -284,7 +284,7 @@
 SPECTACULAR_SETTINGS = {
     "TITLE": "OSIDB API",
     "DESCRIPTION": "REST API autogenerated docs for the OSIDB and its components",
-    "VERSION": "3.5.0",
+    "VERSION": "3.5.1",
     "SWAGGER_UI_SETTINGS": {"supportedSubmitMethods": []},
     "SERVE_AUTHENTICATION": [
         "krb5_auth.auth.KerberosAuthentication",
diff --git a/docs/CHANGELOG.md b/docs/CHANGELOG.md
index 2ceceb899..f662c0d64 100644
--- a/docs/CHANGELOG.md
+++ b/docs/CHANGELOG.md
@@ -11,8 +11,11 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Fixed
 - Fix incorrect type bool of is_up2date field in
   /collectors/api/v1/status endpoint
-- fix PS contact model (OSIDB-1445)
 - fix schema to reflect Erratum shipped_dt to be nullable
+
+## [3.5.1] - 2023-10-23
+### Fixed
+- fix PS contact model (OSIDB-1445)
 - Improve EPSS collector memory consumption
 
 ## [3.5.0] - 2023-10-09
diff --git a/openapi.yml b/openapi.yml
index 9b9a9766f..6aed22e6e 100644
--- a/openapi.yml
+++ b/openapi.yml
@@ -1,7 +1,7 @@
 openapi: 3.0.3
 info:
   title: OSIDB API
-  version: 3.5.0
+  version: 3.5.1
   description: REST API autogenerated docs for the OSIDB and its components
 paths:
   /auth/token:
diff --git a/osidb/__init__.py b/osidb/__init__.py
index f90096580..7fa7ec70e 100644
--- a/osidb/__init__.py
+++ b/osidb/__init__.py
@@ -1,5 +1,5 @@
 """
     osidb version
 """
-__version__ = "3.5.0"
+__version__ = "3.5.1"
 VERSION = __version__