diff --git a/docs/RELEASE_NOTES.rst b/docs/RELEASE_NOTES.rst
index b5376ab..d87d465 100644
--- a/docs/RELEASE_NOTES.rst
+++ b/docs/RELEASE_NOTES.rst
@@ -3,12 +3,85 @@
 NFD Release Notes
 =================
 
+NFD version 0.3.1 (changes since version 0.3.0)
+-----------------------------------------------
+
+Release date: March 3, 2015
+
+New features:
+^^^^^^^^^^^^^
+
+- ``nfd`` and ``nrd`` daemons are now merged into a single process using separate threads
+  (:issue:`2489`)
+
+- **Core**
+
+  - Extend ConfigFile to support passing a parsed ConfigSection (:issue:`2495`)
+
+  - Allow customization of Logger and LoggerFactory (:issue:`2433`)
+
+  - Make global io_service, scheduler, and global random generator thread-local, and logger
+    thread-safe (:issue:`2489`)
+
+- **Forwarding**
+
+  - Introduce exponential back-off interest retransmission suppression mechanism and enable
+    its use in the best-route strategy (:issue:`1913`)
+
+  - Strategies are now registered with a macro, making it simpler to introduce new strategies
+    to NFD codebase (:issue:`2410`)
+
+- **Tables**
+
+  - ContentStore now recognizes CachingPolicy-NoCache from LocalControlHeader (:issue:`2185`)
+
+Updates and bug fixes:
+^^^^^^^^^^^^^^^^^^^^^^
+
+- **Faces**
+
+  - Remove Tcp|UdpChannel::connect overloads that perform DNS resolution (:issue:`2422`)
+
+  - Properly handle error conditions in UdpChannel::newPeer (:issue:`2516`)
+
+  - Fix inconsistency of UDP face timeouts in sample `nfd.conf` and actual defaults
+    (:issue:`2473`)
+
+  - Introduce Face-specific logging macros (:issue:`2450`)
+
+  - Refactor handling of LinkType face trait and fix FaceStatus reporting: the link type was
+    not properly propagated (:issue:`2563`)
+
+  - Avoid exceptions in NDNLP PartialMessageStore (:issue:`2261`)
+
+  - Update websocketpp to version 0.5.1
+
+- **Tables**
+
+  - Reduce priority of DeadNonceList log messages from DEBUG to TRACE
+
+- **Management**
+
+  - Change register/unregister logging in RibManager to INFO level (:issue:`2547`)
+
+- **Tools**
+
+  - Change prefix for :ref:`the local hub prefix discovery <local-prefix-discovery>` to be
+    under ``/localhop/nfd`` (:issue:`2479`, :issue:`2512`)
+
+- **Tests**
+
+  - Change naming conventions for unit test files and test suite names (:issue:`2497`)
+
+  - Fix segfault in TableNameTree test suite when all test logs are enabled (:issue:`2564`)
+
+****************************************************************************
+
 NFD version 0.3.0 (changes since version 0.2.0)
 -----------------------------------------------
 
 Release date: February 2, 2015
 
-
 New features:
 ^^^^^^^^^^^^^