diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5f69b9ac..ce3e803c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # ChangeLog
 
-## 3.0.1 - DEVELOPMENT (will be released as 3.0.2)
+## 3.0.2 - November 6, 2018
 
 Bugs:
 
diff --git a/cement/core/backend.py b/cement/core/backend.py
index 1cd7eb58..64d2b716 100644
--- a/cement/core/backend.py
+++ b/cement/core/backend.py
@@ -1,3 +1,3 @@
 """Cement core backend module."""
 
-VERSION = (3, 0, 1, 'final', 0)  # pragma: nocover
+VERSION = (3, 0, 2, 'final', 0)  # pragma: nocover
diff --git a/tests/core/test_backend.py b/tests/core/test_backend.py
index 1a75a243..bf631b1c 100644
--- a/tests/core/test_backend.py
+++ b/tests/core/test_backend.py
@@ -6,6 +6,6 @@ def test_version():
     # ensure that we bump things properly on version changes
     assert backend.VERSION[0] == 3
     assert backend.VERSION[1] == 0
-    assert backend.VERSION[2] == 1
+    assert backend.VERSION[2] == 2
     assert backend.VERSION[3] == 'final'
     assert backend.VERSION[4] == 0