diff --git a/NEWS.md b/NEWS.md
index 3d3b2273..a21b197e 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,6 +1,22 @@
 Treelite Release Notes 
 ======================
 
+## 0.21 (03/08/2018)
+New features:
+* Now categorical features with more than 64 categories are supported.
+* It is now possible to specify variants of GCC and Clang for `export_lib`;
+  `gcc-5`, `gcc-7`, `arm-linux-gnueabi-gcc`, and so forth.
+
+Bug fixes:
+* Fix segmentation fault when `parallel_comp` is set to a high value
+
+## 0.2 (02/12/2018)
+A few minor fixes:
+* Disable Link-Time Optimization (LTO) by default, to decrease compilation time
+* Use /bin/sh when the environment variable SHELL is not set
+* Enable relative path in predictor constructor
+* Increase precision for floating-point values
+
 ## 0.1rc1 (11/15/2017)
 
-* Initial release
\ No newline at end of file
+* Initial release
diff --git a/VERSION b/VERSION
index 3b04cfb6..5320adc1 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.2
+0.21