diff --git a/RELEASE_NOTES.md b/RELEASE_NOTES.md
index b9baebb..dda6baf 100644
--- a/RELEASE_NOTES.md
+++ b/RELEASE_NOTES.md
@@ -1,5 +1,12 @@
 # Release Notes
 
+## Version 0.7.1
+
+The build requirements have been increased to require Clang >= 4.0, Xcode >= 9.0, and Python >= 3.6.
+Meanwhile, it is *recommended* to use GCC >= 7.4.0 and Boost >= 1.65.1.
+
+This release contains minor build fixes and code cleanups.
+
 ## Version 0.7
 
 chunks:
diff --git a/wscript b/wscript
index 3a20b77..5000266 100644
--- a/wscript
+++ b/wscript
@@ -3,7 +3,7 @@
 from waflib import Context, Logs, Utils
 import os, subprocess
 
-VERSION = '0.7'
+VERSION = '0.7.1'
 APPNAME = 'ndn-tools'
 GIT_TAG_PREFIX = 'ndn-tools-'