diff --git a/.github/workflows/version_var.sh b/.github/workflows/version_var.sh
index 70f047dfa..699df03f6 100644
--- a/.github/workflows/version_var.sh
+++ b/.github/workflows/version_var.sh
@@ -6,7 +6,7 @@
 
 # Release Parameters
 BASE_VERSION=0.1.6
-IS_RELEASE=false
+IS_RELEASE=true
 
 ARCH=$(go env GOARCH)
 
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 86cba0270..37d791507 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,19 @@
+# 0.1.6
+
+## March 6, 2021
+
+- RFC 0510: Presentation-Exchange Attachment (https://github.com/hyperledger/aries-framework-go/pull/2472)
+- Presentation Exchange support (https://github.com/hyperledger/aries-framework-go/pull/2437)
+- Present Proof supports BBS+ (https://github.com/hyperledger/aries-framework-go/pull/2602)
+- Sign credential API - support BBS+ (https://github.com/hyperledger/aries-framework-go/pull/2601)
+- Support BBS+ in KMS (https://github.com/hyperledger/aries-framework-go/issues/2295)
+- Support name prefixes in localkms storage to create multi-tenant KMS (https://github.com/hyperledger/aries-framework-go/issues/2435)
+- Created Service Provider Interface (SPI) module (https://github.com/hyperledger/aries-framework-go/pull/2512).
+- Reworked storage interface to be more fully featured and to fit better with encrypted storage solutions like EDV.
+- Added storage provider wrappers that can be used to add automatic caching and batching support to any concrete storage implementation.
+- Added a common storage test suite for ensuring consistency across storage implementations.
+- Various bug fixes and performance enhancements.
+
 # 0.1.5
 
 ## December 7, 2020