diff --git a/NEWS b/NEWS
index b6b7580c4..bacb7f3d9 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,7 @@
+New in 3.5.4:
+
+Bug Fix: Users were reporting IOErrors. Stop closing extra files to prevent.
+
 New in 3.5.3:
 
 Improvement: After three long, hard years... we know how to upgrade
diff --git a/lib/paperclip/version.rb b/lib/paperclip/version.rb
index 9abd47bc2..8352bfddb 100644
--- a/lib/paperclip/version.rb
+++ b/lib/paperclip/version.rb
@@ -1,3 +1,3 @@
 module Paperclip
-  VERSION = "3.5.3" unless defined? Paperclip::VERSION
+  VERSION = "3.5.4" unless defined? Paperclip::VERSION
 end