diff --git a/NEWS b/NEWS
index 7decaa29..f4ae0cd2 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,22 @@
+= gitg 0.3.1 =
+Version 0.3.1 was released on 2013-02-01
+
+This is the first release of a major rewrite of gitg. We have since moved from
+C to Vala to implement gitg, easing development. More importantly, gitg is now
+using libgit2 (instead of calling out to git) which vastly improves gitg's
+quality. The interface has also had a significant overhaul, conforming to the
+latest GNOME 3 apps interface development guidelines.
+
+Although the most prominent features of gitg are present in this release, there
+are still some notable regressions which will be implemented in subsequent
+releases and this release should therefore be considered unstable.
+
+== Known regressions ==
+  * Push, pull branch
+  * Create/rename/delete branch
+  * Create/rename/delete tag
+  * Basic remote branch management
+
 = gitg 0.2.5 =
 Version 0.2.5 was released on 2011-09-01
 
diff --git a/README b/README
index 79ad3914..9a6e7b61 100644
--- a/README
+++ b/README
@@ -1,9 +1,15 @@
 = General Information =
-gitg is a GitX clone for GNOME/gtk+. It aims at being a small, fast and
-convenient tool to visualize git history and actions that benefit from a
-graphical presentation.
+gitg is a git interface application for GNOME/gtk+. It aims at being a small,
+fast and convenient tool to visualize git history. Although primarily a
+tool for visualization, gitg also provides several convenient interactions with
+git repositories:
 
-The latest version of gitg is 0.2.7.
+ * Quickly clone new repositories
+ * Manage basic git user information
+ * Create new commits, with precise control over the staging area
+   (including per hunk/line staging)
+
+The latest version of gitg is 0.3.1.
 
 Website:      https://live.gnome.org/Apps/Gitg
 Bugs:         http://bugzilla.gnome.org/browse.cgi?product=gitg
@@ -11,21 +17,20 @@ Download:     http://download.gnome.org/sources/gitg/
 Mailing list: http://mail.gnome.org/mailman/listinfo/gitg-list
 
 = Installing gitg =
-To install the latest version of gitg, make sure to download gitg-0.2.7.tar.xz
+To install the latest version of gitg, make sure to download gitg-0.3.1.tar.xz
 from the download site. After downloading the following procedure installs
 gitg:
 
-	$ tar Jxf gitg-0.2.7.tar.xz
-	$ cd gitg-0.2.7
+	$ tar Jxf gitg-0.3.1.tar.xz
+	$ cd gitg-0.3.1
 	$ ./configure
 	$ make
 	$ sudo make install
 
-For more information on installing gitg, please view INSTALL.
+For more information on installing gitg, please see INSTALL.
 
 = Building gitg from git =
-The gitg repository is hosted on git.gnome.org. To build from git, use the
-following:
+The gitg repository is hosted on git.gnome.org. To build from git:
 
 	$ git clone git://git.gnome.org/gitg
 	$ cd gitg
@@ -34,5 +39,5 @@ following:
 
 = Using gitg =
 When gitg is installed, you can run gitg from the GNOME menu, or from a
-terminal by issuing: 'gitg'. Type 'gitg --help' to show the options you can
+terminal by issueing: 'gitg'. Type 'gitg --help' to show the options you can
 specify on the command line.
diff --git a/configure.ac b/configure.ac
index 264e8782..2684cf27 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,8 +3,8 @@ dnl Process this file with autoconf to produce a configure script.
 AC_PREREQ([2.64])
 
 m4_define(gitg_major_version, 0)
-m4_define(gitg_minor_version, 2)
-m4_define(gitg_micro_version, 5)
+m4_define(gitg_minor_version, 3)
+m4_define(gitg_micro_version, 1)
 m4_define(gitg_version, gitg_major_version.gitg_minor_version.gitg_micro_version)
 
 AC_INIT([gitg],