diff --git a/CHANGELOG.md b/CHANGELOG.md
index c7aff3ae..959bbaee 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,12 @@ This project adheres to [Semantic Versioning](http://semver.org/).
 
 ## [Unreleased][unreleased]
 
+## 0.7.1 - 2015-09-11
+- Use `to_owned` instead of `to_string` while converting `ValueRef` into `Value`.
+  This change improves `ValueRef::to_owned()` method performance by approximately 10-20%.
+  Also after this commit it's cheaper to decode directly into `ValueRef` with further converting to owned value rather
+  than decoding directly into `Value`.
+
 ## 0.7.0 - 2015-08-24
 ### Changed
 - The big single crate has been refactored, which results in three crates: `rmp`, `rmp-serialize` and `rmp-serde`.
diff --git a/README.md b/README.md
index 9b80e52a..d3ae2281 100644
--- a/README.md
+++ b/README.md
@@ -19,7 +19,7 @@ To use `rmp`, first add this to your `Cargo.toml`:
 
 ```toml
 [dependencies.rmp]
-rmp = "0.7.0"
+rmp = "0.7.1"
 ```
 
 Then, add this to your crate root:
diff --git a/rmp/Cargo.toml b/rmp/Cargo.toml
index 98977672..d57c2d71 100644
--- a/rmp/Cargo.toml
+++ b/rmp/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "rmp"
-version = "0.7.0"
+version = "0.7.1"
 authors = ["Evgeny Safronov <division494@gmail.com>"]
 license = "MIT"
 description = "Pure Rust MessagePack serialization implementation"
diff --git a/rmp/src/lib.rs b/rmp/src/lib.rs
index 6901b122..796d4794 100644
--- a/rmp/src/lib.rs
+++ b/rmp/src/lib.rs
@@ -12,7 +12,7 @@
 //!
 //! ```toml
 //! [dependencies.rmp]
-//! rmp = "0.7.0"
+//! rmp = "0.7.1"
 //! ```
 //!
 //! Then, add this to your crate root: