diff --git a/DESCRIPTION b/DESCRIPTION
index 8712f2d..759e518 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: sparsevctrs
 Title: Sparse Vectors for Use in Data Frames
-Version: 0.0.0.9000
+Version: 0.1.0
 Authors@R: c(
     person("Emil", "Hvitfeldt", , "emil.hvitfeldt@posit.co", role = c("aut", "cre"),
            comment = c(ORCID = "0000-0002-0679-1945")),
diff --git a/NEWS.md b/NEWS.md
index 9a0cc2c..5f55a46 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,3 +1,3 @@
-# sparsevctrs (development version)
+# sparsevctrs 0.1.0
 
 * Initial CRAN submission.