diff --git a/CMakeLists.txt b/CMakeLists.txt
index 61952cf3dc..33c8421169 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -20,12 +20,12 @@
 project(OCE)
 
 set(OCE_VERSION_MAJOR 0)
-set(OCE_VERSION_MINOR 17)
+set(OCE_VERSION_MINOR 16)
 # OCE_VERSION_PATCH is used for bugfixes releases only
 # (uncomment following line)
-#set(OCE_VERSION_PATCH 0)
+set(OCE_VERSION_PATCH 1)
 #  Empty for official releases, set to -dev, -rc1, etc for development releases
-set(OCE_VERSION_DEVEL -dev)
+set(OCE_VERSION_DEVEL )
 
 # bugfix release: add ${OCE_VERSION_PATCH} to OCE_VERSION
 set(OCE_VERSION ${OCE_VERSION_MAJOR}.${OCE_VERSION_MINOR}${OCE_VERSION_DEVEL})
diff --git a/NEWS b/NEWS
index 26e6431f64..1c5b858585 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,18 @@
+Version 0.16.1 - November 2014
+
+This version is binary compatible with 0CE 0.16.
+
+* cppcheck fixes (memory leaks and parse errors)
+
+* Fix LDOMBasicString assignment operator
+
+* Mingw fixes (OpenGl compilation)
+
+* Fix build failures with Mesa 10.3.1
+
+Users who contributed to this release:
+  Denis Barbier, Jacob Abel, Benjamin Bihler
+
 Version 0.16 - July 2014
 
 This version is not binary compatible with OCE 0.15, OCE_ABI_SOVERSION