diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7713c136fa..71c2ce2b83 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,16 @@ that were not yet released.
 
 <!-- released start -->
 
+## 0.39.0
+
+Released on 2024-08-20.
+
+* Update Cargo dependencies by @charliermarsh in https://github.com/astral-sh/rye/pull/1310
+* Fix typo in `add.md` by @mikkelam in https://github.com/astral-sh/rye/pull/1322
+* Fix typo in FAQ by @toadjaune in https://github.com/astral-sh/rye/pull/1330
+* Update Python releases to include Python 3.12.4 by @github-actions in https://github.com/astral-sh/rye/pull/1336
+* Update bundled uv version to `v0.3.0` by @github-actions in https://github.com/astral-sh/rye/pull/1332
+
 ## 0.38.0
 
 Released on 2024-08-01.
diff --git a/Cargo.lock b/Cargo.lock
index 346a0f10d6..e1a1be7c98 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1819,7 +1819,7 @@ dependencies = [
 
 [[package]]
 name = "rye"
-version = "0.38.0"
+version = "0.39.0"
 dependencies = [
  "age",
  "anyhow",
diff --git a/rye/Cargo.toml b/rye/Cargo.toml
index 8b697f3853..4721fda01d 100644
--- a/rye/Cargo.toml
+++ b/rye/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "rye"
-version = "0.38.0"
+version = "0.39.0"
 edition = "2021"
 license = "MIT"