diff --git a/CHANGELOG.md b/CHANGELOG.md
index 312aea7..a62b4fe 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## v0.3.0
+
+This release updates Buildroot to 2020.02 and upgrades gcc from 8.3 to 9.2.
+While this is a minor version bump due to the Buildroot release update, barring
+advanced usage of Nerves, this is a straightforward update from v0.2.1.
+
+* Updated dependencies
+  * [nerves_system_br v1.11.0](https://github.com/nerves-project/nerves_system_br/releases/tag/v1.11.0)
+  * linux 5.4.26
+  * Erlang 22.2.8
+* Enhancements
+  * Enable linux kernel module for CMOS RTC. This update will continue to work
+    in conjunction with `nerves_time` for clock sync.
+
 ## v0.2.1
 
 * Enhancements
diff --git a/VERSION b/VERSION
index 0c62199..0d91a54 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.2.1
+0.3.0