diff --git a/CHANGELOG.md b/CHANGELOG.md
index 739922a..12b4157 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,6 +15,8 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 
 ## [Unreleased]
 
+## [0.1.1] - 2026-06-29
+
 ### Changed
 
 - Repackaged `scripts/` into an installable `smith` Python package using a `src/`
@@ -52,5 +54,6 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 - Runtime configuration driven entirely from `.env` (see `.env_template`); target-agent selection via `TARGET_AGENT_PATH`, `GUIDANCE_FILE`, `SYSTEM_VAR_FILE`, `MCP_*`, and `AGENT_URL`.
 - Example target agents under `examples/`, each carrying its Smith inputs (`guidance.txt`, `tool_definitions.json`, `system_vars.json`).
 
-[Unreleased]: https://github.com/IBM/smith/compare/0.1.0...HEAD
+[Unreleased]: https://github.com/IBM/smith/compare/0.1.1...HEAD
+[0.1.1]: https://github.com/IBM/smith/compare/0.1.0...0.1.1
 [0.1.0]: https://github.com/IBM/smith/releases/tag/0.1.0
diff --git a/pyproject.toml b/pyproject.toml
index abaadb8..4253109 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "smith"
-version = "0.2.0.dev0"
+version = "0.1.1"
 description = "Automated policy lifecycle management for AI agents (OPA/Rego)."
 readme = "README.md"
 requires-python = ">=3.11"