diff --git a/releases/v1.7.17.toml b/releases/v1.7.17.toml
new file mode 100644
index 000000000000..dab7e6e7cb5f
--- /dev/null
+++ b/releases/v1.7.17.toml
@@ -0,0 +1,26 @@
+# commit to be tagged for new release
+commit = "HEAD"
+
+# project_name is used to refer to the project in the notes
+project_name = "containerd"
+
+# github_repo is the github project, only github is currently supported
+github_repo = "containerd/containerd"
+
+# match_deps is a pattern to determine which dependencies should be included
+# as part of this release. The changelog will also include changes for these
+# dependencies based on the change in the dependency's version.
+match_deps = "^github.com/(containerd/[a-zA-Z0-9-]+)$"
+
+# previous release of this project for determining changes
+previous = "v1.7.16"
+
+# pre_release is whether to include a disclaimer about being a pre-release
+pre_release = false
+
+# preface is the description of the release which precedes the author list
+# and changelog. This description could include highlights as well as any
+# description of changes. Use markdown formatting.
+preface = """\
+The seventeenth patch release for containerd 1.7 contains various fixes and updates.
+"""
diff --git a/version/version.go b/version/version.go
index 8a9eb5d4ae30..782771e4de19 100644
--- a/version/version.go
+++ b/version/version.go
@@ -23,7 +23,7 @@ var (
 	Package = "github.com/containerd/containerd"
 
 	// Version holds the complete version number. Filled in at linking time.
-	Version = "1.7.16+unknown"
+	Version = "1.7.17+unknown"
 
 	// Revision is filled with the VCS (e.g. git) revision being used to build
 	// the program at linking time.