diff --git a/CMakeLists.txt b/CMakeLists.txt
index 3dccec3109a..893361e741f 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -13,7 +13,7 @@
 
 CMAKE_MINIMUM_REQUIRED(VERSION 3.5.1)
 
-project(libgit2 VERSION "1.3.0" LANGUAGES C)
+project(libgit2 VERSION "1.3.1" LANGUAGES C)
 
 # Add find modules to the path
 set(CMAKE_MODULE_PATH ${CMAKE_MODULE_PATH} "${libgit2_SOURCE_DIR}/cmake/")
diff --git a/docs/changelog.md b/docs/changelog.md
index 8060874df0e..31c3bd0e7bc 100644
--- a/docs/changelog.md
+++ b/docs/changelog.md
@@ -1,3 +1,18 @@
+v1.3.1
+------
+
+🔒 This is a security release to provide compatibility with git's changes to address [CVE 2022-24765](https://github.blog/2022-04-12-git-security-vulnerability-announced/).
+
+**libgit2 is not directly affected** by this vulnerability, because libgit2 does not directly invoke any executable. But we are providing these changes as a security release for any users that use libgit2 for repository discovery and then _also_ use git on that repository. In this release, we will now validate that the user opening the repository is the same user that owns the on-disk repository. This is to match git's behavior.
+
+In addition, we are providing several correctness fixes where invalid input can lead to a crash. These may prevent possible denial of service attacks. At this time there are not known exploits to these issues.
+
+Full list of changes:
+
+* Validate repository directory ownership (v1.3) by @ethomson in https://github.com/libgit2/libgit2/pull/6268
+
+All users of the v1.3 release line are recommended to upgrade.
+
 v1.3
 ----
 
diff --git a/include/git2/version.h b/include/git2/version.h
index 3503a62781a..738789dac2b 100644
--- a/include/git2/version.h
+++ b/include/git2/version.h
@@ -7,10 +7,10 @@
 #ifndef INCLUDE_git_version_h__
 #define INCLUDE_git_version_h__
 
-#define LIBGIT2_VERSION "1.3.0"
+#define LIBGIT2_VERSION "1.3.1"
 #define LIBGIT2_VER_MAJOR 1
 #define LIBGIT2_VER_MINOR 3
-#define LIBGIT2_VER_REVISION 0
+#define LIBGIT2_VER_REVISION 1
 #define LIBGIT2_VER_PATCH 0
 
 #define LIBGIT2_SOVERSION "1.3"
diff --git a/package.json b/package.json
index e2e672f9fe6..42f8a5c2ec9 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "libgit2",
-  "version": "1.3.0",
+  "version": "1.3.1",
   "repo": "https://github.com/libgit2/libgit2",
   "description": " A cross-platform, linkable library implementation of Git that you can use in your application.",
   "install": "mkdir build && cd build && cmake .. && cmake --build ."