diff --git a/CHANGELOG.md b/CHANGELOG.md
index f470e6d..97f5d59 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+##### Tag v0.3.2 (2017-01-19)
+
+- Add quay.io badges
+- Upgrade PHP to v7.1.1
+- Add 2nd GPG key from the PHP v7.1.x release managers (Joe Watkins <krakjoe@php.net>)
+
 ##### Tag v0.3.1 (2017-01-06)
 
 - Rename image
diff --git a/Makefile b/Makefile
index 1af9c5a..d1dc07f 100644
--- a/Makefile
+++ b/Makefile
@@ -1,6 +1,6 @@
 REPO = rtucek
 IMAGE = nginx-php
-VERSION = 0.3.1
+VERSION = 0.3.2
 EXTRAVERSION =
 
 IMAGE_FQN = $(REPO)/$(IMAGE):v$(VERSION)$(EXTRAVERSION)