diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 1b77f506..1bc57136 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.7.0"
+  ".": "0.7.1"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index e87b681b..679ab2bb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## [0.7.1](https://github.com/open-feature/ruby-sdk/compare/v0.7.0...v0.7.1) (2026-10-23)
+
+
+### Features
+
+* isolated API instances ([#354](https://github.com/open-feature/ruby-sdk/issues/354)) ([1c92b4a](https://github.com/open-feature/ruby-sdk/commit/1c92b4ad7550a6b345e7471f84cd5a7ff445591e))
+
+
+### Bug Fixes
+
+* key provider state by identity, default the NoOp reason, freeze client metadata ([#355](https://github.com/open-feature/ruby-sdk/issues/355)) ([d15bd84](https://github.com/open-feature/ruby-sdk/commit/d15bd84e1456b6200e29c12c3463c4f8ddfe693f))
+
 ## [0.7.0](https://github.com/open-feature/ruby-sdk/compare/v0.6.7...v0.7.0) (2026-10-23)
 
 
diff --git a/Gemfile.lock b/Gemfile.lock
index 5f23ac6d..bed8fcb5 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    openfeature-sdk (0.7.0)
+    openfeature-sdk (0.7.1)
 
 GEM
   remote: https://rubygems.org/
diff --git a/README.md b/README.md
index 10e5ab15..5645dffb 100644
--- a/README.md
+++ b/README.md
@@ -17,8 +17,8 @@
   </a>
   <!-- x-release-please-start-version -->
 
-  <a href="https://github.com/open-feature/ruby-sdk/releases/tag/v0.7.0">
-    <img alt="Release" src="https://img.shields.io/static/v1?label=release&message=v0.7.0&color=blue&style=for-the-badge" />
+  <a href="https://github.com/open-feature/ruby-sdk/releases/tag/v0.7.1">
+    <img alt="Release" src="https://img.shields.io/static/v1?label=release&message=v0.7.1&color=blue&style=for-the-badge" />
   </a>
 
   <!-- x-release-please-end -->
diff --git a/lib/open_feature/sdk/version.rb b/lib/open_feature/sdk/version.rb
index d5cfddc1..b46334a8 100644
--- a/lib/open_feature/sdk/version.rb
+++ b/lib/open_feature/sdk/version.rb
@@ -2,6 +2,6 @@
 
 module OpenFeature
   module SDK
-    VERSION = "0.7.0"
+    VERSION = "0.7.1"
   end
 end