diff --git a/RELEASE.rst b/RELEASE.rst
index 3affee24..1bd454b6 100644
--- a/RELEASE.rst
+++ b/RELEASE.rst
@@ -1,6 +1,13 @@
 Release Notes
 =============
 
+Version 0.71.0 (Released July 11, 2023)
+--------------
+
+- fix,version: Update version constraints for Poetry to be more accurate
+- Remove PR template
+- Convert to use Poetry for Python dependency management (#1060)
+
 Version 0.70.0 (Released May 08, 2023)
 --------------
 
diff --git a/odl_video/settings.py b/odl_video/settings.py
index 07ec27c0..b2950d83 100644
--- a/odl_video/settings.py
+++ b/odl_video/settings.py
@@ -13,7 +13,7 @@
 from odl_video.envs import get_any, get_bool, get_int, get_key, get_string, parse_env
 from odl_video.sentry import init_sentry
 
-VERSION = "0.70.0"
+VERSION = "0.71.0"
 
 ENVIRONMENT = get_string("ODL_VIDEO_ENVIRONMENT", "dev")