diff --git a/CHANGELOG.md b/CHANGELOG.md
index d415645..f03bb5e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 # Changes to PostCSS color-mod() Function
 
+### 3.0.1 (September 18, 2018)
+
+- Fixed an issue with using the `transparent` color keyword
+- Updated to PostCSS Values Parser 2
+
 ### 3.0.0 (August 30, 2018)
 
 - Added `importFrom` option which allows you to import Custom Properties from
diff --git a/README.md b/README.md
index 7670583..997b498 100644
--- a/README.md
+++ b/README.md
@@ -3,7 +3,6 @@
 [![NPM Version][npm-img]][npm-url]
 [![CSS Standard Status][css-img]][css-url]
 [![Build Status][cli-img]][cli-url]
-[![Windows Build Status][win-img]][win-url]
 [![Support Chat][git-img]][git-url]
 
 [PostCSS color-mod() Function] lets you modify colors using the `color-mod()`
@@ -199,8 +198,6 @@ be used.
 [git-url]: https://gitter.im/postcss/postcss
 [npm-img]: https://img.shields.io/npm/v/postcss-color-mod-function.svg
 [npm-url]: https://www.npmjs.com/package/postcss-color-mod-function
-[win-img]: https://img.shields.io/appveyor/ci/jonathantneal/postcss-color-mod-function.svg
-[win-url]: https://ci.appveyor.com/project/jonathantneal/postcss-color-mod-function
 
 [CSS Color Module Level 4]: https://www.w3.org/TR/css-color-4/#funcdef-color-mod
 [Gulp PostCSS]: https://github.com/postcss/gulp-postcss
diff --git a/lib/conversions.js b/lib/conversions.js
index 416cf44..401e150 100644
--- a/lib/conversions.js
+++ b/lib/conversions.js
@@ -172,6 +172,7 @@ export function convertNtoRGB(name) {
 		teal: [0, 128, 128],
 		thistle: [216, 191, 216],
 		tomato: [255, 99, 71],
+		transparent: [0, 0, 0],
 		turquoise: [64, 224, 208],
 		violet: [238, 130, 238],
 		wheat: [245, 222, 179],
diff --git a/package.json b/package.json
index d056ed1..f63e25b 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "postcss-color-mod-function",
-  "version": "3.0.0",
+  "version": "3.0.1",
   "description": "Modify colors using the color-mod() function in CSS",
   "author": "Jonathan Neal <jonathantneal@hotmail.com>",
   "license": "CC0-1.0",
@@ -8,7 +8,7 @@
   "homepage": "https://github.com/jonathantneal/postcss-color-mod-function#readme",
   "bugs": "https://github.com/jonathantneal/postcss-color-mod-function/issues",
   "main": "index.cjs.js",
-  "module": "index.es.js",
+  "module": "index.es.mjs",
   "files": [
     "index.cjs.js",
     "index.cjs.js.map",
@@ -29,12 +29,12 @@
   "dependencies": {
     "@csstools/convert-colors": "^1.4.0",
     "postcss": "^7.0.2",
-    "postcss-values-parser": "^1.5.0"
+    "postcss-values-parser": "^2.0.0"
   },
   "devDependencies": {
-    "@babel/core": "^7.0.1",
+    "@babel/core": "^7.1.0",
     "@babel/plugin-syntax-dynamic-import": "^7.0.0",
-    "@babel/preset-env": "^7.0.0",
+    "@babel/preset-env": "^7.1.0",
     "babel-eslint": "^9.0.0",
     "echint": "^4.0.1",
     "eslint": "^5.6.0",
diff --git a/test/basic.colors.expect.css b/test/basic.colors.expect.css
index 206e680..bf9b9b5 100644
--- a/test/basic.colors.expect.css
+++ b/test/basic.colors.expect.css
@@ -141,3 +141,7 @@ test-linear-gradient {
 test-var-blend {
 	color: rgb(90% 0% 10%);
 }
+
+test-transparent {
+	color: rgb(0% 0% 0%);
+}
diff --git a/test/basic.css b/test/basic.css
index 1d047a3..d972063 100644
--- a/test/basic.css
+++ b/test/basic.css
@@ -141,3 +141,7 @@ test-linear-gradient {
 test-var-blend {
 	color: color-mod(var(--color-red) blend(var(--color) 10%));
 }
+
+test-transparent {
+	color: color-mod(transparent shade(10%));
+}
diff --git a/test/basic.expect.css b/test/basic.expect.css
index 6f0e072..1c02978 100644
--- a/test/basic.expect.css
+++ b/test/basic.expect.css
@@ -141,3 +141,7 @@ test-linear-gradient {
 test-var-blend {
 	color: rgb(230, 0, 26);
 }
+
+test-transparent {
+	color: rgb(0, 0, 0);
+}