diff --git a/README.md b/README.md
index 7006059df..71a912df2 100644
--- a/README.md
+++ b/README.md
@@ -46,10 +46,12 @@ For information on use cases and background material on causal inference and het
 
 # News
 
-**August 13, 2021:** Release v0.12.0, see release notes [here](https://github.com/Microsoft/EconML/releases/tag/v0.12.0)
+**January 31, 2022:** Release v0.13.0, see release notes [here](https://github.com/Microsoft/EconML/releases/tag/v0.13.0)
 
 <details><summary>Previous releases</summary>
 
+**August 13, 2021:** Release v0.12.0, see release notes [here](https://github.com/Microsoft/EconML/releases/tag/v0.12.0)
+
 **August 5, 2021:** Release v0.12.0b6, see release notes [here](https://github.com/Microsoft/EconML/releases/tag/v0.12.0b6)
 
 **August 3, 2021:** Release v0.12.0b5, see release notes [here](https://github.com/Microsoft/EconML/releases/tag/v0.12.0b5)
diff --git a/econml/_version.py b/econml/_version.py
index 39100e5bf..5d21e3636 100644
--- a/econml/_version.py
+++ b/econml/_version.py
@@ -1,4 +1,4 @@
 # Copyright (c) Microsoft Corporation. All rights reserved.
 # Licensed under the MIT License.
 
-__version__ = '0.12.0'
+__version__ = '0.13.0'