diff --git a/.gitignore b/.gitignore
index 5da57b9..6529df7 100644
--- a/.gitignore
+++ b/.gitignore
@@ -32,3 +32,4 @@
 /modulemd-2.2.2.tar.xz
 /modulemd-2.2.3.tar.xz
 /modulemd-2.3.0.tar.xz
+/modulemd-2.3.1.tar.xz
diff --git a/libmodulemd.spec b/libmodulemd.spec
index d819cd7..e53f2f7 100644
--- a/libmodulemd.spec
+++ b/libmodulemd.spec
@@ -1,5 +1,5 @@
-%global libmodulemd_version 2.3.0
-%global libmodulemd_v1_version 1.8.7
+%global libmodulemd_version 2.3.1
+%global libmodulemd_v1_version 1.8.8
 
 # Python 2 is dead on F31+
 %if 0%{fedora} < 31
@@ -231,6 +231,13 @@ ln -s libmodulemd.so.%{libmodulemd_v1_version} \
 %{_datadir}/gtk-doc/html/modulemd-1.0/
 
 %changelog
+* Fri May 03 2019 Stephen Gallagher <sgallagh@redhat.com> - 2.3.1-1
+- Update to 2.3.1
+- Make Modulemd.Component.set_*() functions accept NULL
+- Fix segmentation fault in XMD code due to improper memory management
+- Fix incompatibility in python2-libmodulemd GObject overrides
+- Fix assorted documentation issues
+
 * Mon Apr 22 2019 Stephen Gallagher <sgallagh@redhat.com> - 2.3.0-1
 - Add ModuleIndex.update_from_custom()
 - Add ModuleIndex.dump_to_custom()
diff --git a/sources b/sources
index a035103..e61f3bd 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (modulemd-2.3.0.tar.xz) = b34328332c14175616e18c8c74750d5e77fca2b502c31d94242cb496d414ab9642ec5b88fc7a4232229d9c6b386589a11cacb4df5c2288a968fc116e80294dd4
+SHA512 (modulemd-2.3.1.tar.xz) = 84730cf1cf7061e25ed60bf43bc89b5cdf1f53bb58c51187330bd44f2009e63f360e7073d937bb207a3c2dca9880aebd6d9f2de2c5d38a9d223bb395bfd03acd