diff --git a/CHANGELOG.md b/CHANGELOG.md
index bd7e2452..3b879bc5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # ChangeLog
 
-## 3.0.7 - DEVELOPMENT (will be released as stable/3.0.8)
+## 3.0.8 - Aug 18, 2022
 
 Bugs:
 
@@ -27,7 +27,7 @@ Refactoring:
 
 - `[utils.misc]` Use SHA256 instead of MD5 in `rando()` to support Redhap/FIPS compliance
     - [Issue #626](https://github.com/datafolklabs/cement/issues/626)
-- `[core.foundation] Make quiet/debug options configurable
+- `[core.foundation]` Make quiet/debug options configurable
     - [Issue #613](https://github.com/datafolklabs/cement/issues/613)
 
 Misc:
diff --git a/cement/core/backend.py b/cement/core/backend.py
index e9a5a48c..773346fc 100644
--- a/cement/core/backend.py
+++ b/cement/core/backend.py
@@ -1,3 +1,3 @@
 """Cement core backend module."""
 
-VERSION = (3, 0, 7, 'final', 0)  # pragma: nocover
+VERSION = (3, 0, 8, 'final', 0)  # pragma: nocover
diff --git a/tests/core/test_backend.py b/tests/core/test_backend.py
index 04af4a3c..a8dffa20 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] == 7
+    assert backend.VERSION[2] == 8
     assert backend.VERSION[3] == 'final'
     assert backend.VERSION[4] == 0