diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7979540be..73daca6cb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,6 @@
 ## [Unreleased]
+
+## [0.16.1] - 2024-09-30
 - Deprecate Langchain::LLM::GooglePalm
 - Allow setting response_object: {} parameter when initializing supported Langchain::LLM::* classes
 - Simplify and consolidate logging for some of the LLM providers (namely OpenAI and Google). Now most of the HTTP requests are being logged when on DEBUG level
diff --git a/Gemfile.lock b/Gemfile.lock
index 03eb95bae..80cb4fcb0 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    langchainrb (0.16.0)
+    langchainrb (0.16.1)
       baran (~> 0.1.9)
       json-schema (~> 4)
       matrix
diff --git a/lib/langchain/version.rb b/lib/langchain/version.rb
index d8790a411..c5bc8692f 100644
--- a/lib/langchain/version.rb
+++ b/lib/langchain/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module Langchain
-  VERSION = "0.16.0"
+  VERSION = "0.16.1"
 end