diff --git a/CHANGELOG.md b/CHANGELOG.md
index c88b216ec..b83914e26 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,12 @@ All notable changes to this project will be documented in this file.
 
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
+## [v0.7.1](https://github.com/livebook-dev/livebook/tree/v0.7.1) (2022-10-09)
+
+### Fixed
+
+- Fixed editing Mermaid graphs in Markdown cells ([#1471](https://github.com/livebook-dev/livebook/pull/1471))
+
 ## [v0.7.0](https://github.com/livebook-dev/livebook/tree/v0.7.0) (2022-10-07)
 
 ### Added
diff --git a/mix.exs b/mix.exs
index ddc417518..d8fe5abd0 100644
--- a/mix.exs
+++ b/mix.exs
@@ -2,7 +2,7 @@ defmodule Livebook.MixProject do
   use Mix.Project
 
   @elixir_requirement "~> 1.14"
-  @version "0.7.0"
+  @version "0.7.1"
   @description "Interactive and collaborative code notebooks - made with Phoenix LiveView"
 
   @app_elixir_version "1.14.0"