diff --git a/NEWS b/NEWS
index 44c98a9a..434dcd45 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,13 @@
+3.38.1
+======
+
+Contributors:
+  Yacine Bouklif, Florian Müllner
+
+Translators:
+  Yacine Bouklif [kab], Cheng-Chia Tseng [zh_TW], Stas Solovey [ru],
+  Yosef Or Boczko [he]
+
 3.38.0
 ======
 
diff --git a/meson.build b/meson.build
index a72b7881..f07b82ed 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('gnome-shell-extensions',
-  version: '3.38.0',
+  version: '3.38.1',
   meson_version: '>= 0.44.0',
   license: 'GPL2+'
 )