diff --git a/ChangeLog b/ChangeLog
index ef80188174..e1e180c532 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+Sat May 14 07:30:29 2011  Aaron Patterson <aaron@tenderlovemaking.com>
+
+	* ext/psych/lib/psych.rb: released a new gem, so increasing version.
+
 Sat May 14 05:08:32 2011  Martin Bosslet  <Martin.Bosslet@googlemail.com>
 
 	* ext/openssl/ossl_digest.c
diff --git a/ext/psych/lib/psych.rb b/ext/psych/lib/psych.rb
index cb67561775..e399dcca55 100644
--- a/ext/psych/lib/psych.rb
+++ b/ext/psych/lib/psych.rb
@@ -90,7 +90,7 @@ require 'psych/json'
 
 module Psych
   # The version is Psych you're using
-  VERSION         = '1.1.0'
+  VERSION         = '1.1.1'
 
   # The version of libyaml Psych is using
   LIBYAML_VERSION = Psych.libyaml_version.join '.'