diff --git a/NEWS b/NEWS
index 18a6162..2c5a7b1 100644
--- a/NEWS
+++ b/NEWS
@@ -2,7 +2,10 @@
 User visible changes for Python-LZO
 =======================================================================
 
-Changes in 1.15 (XX Jan 2022)
+Changes in 1.16 (XX Jan 2024)
+  *
+
+Changes in 1.15 (22 May 2022)
   * Remove python 2.x support.
   * Update to PEP517 compliance.
   * Migrate CI to github actions.
diff --git a/lzomodule.c b/lzomodule.c
index 9a12143..ae5fa19 100644
--- a/lzomodule.c
+++ b/lzomodule.c
@@ -29,7 +29,7 @@
  */
 
 
-#define MODULE_VERSION  "1.15"
+#define MODULE_VERSION  "1.16"
 
 #define PY_SSIZE_T_CLEAN
 
diff --git a/pyproject.toml b/pyproject.toml
index da016eb..f183ca2 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -7,7 +7,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "python-lzo"
-version = "1.15"
+version = "1.16"
 description = "Python bindings for the LZO data compression library"
 readme = "README.md"
 requires-python = ">=2.6"
diff --git a/setup.py b/setup.py
index 9f7211f..4ebf699 100644
--- a/setup.py
+++ b/setup.py
@@ -30,7 +30,7 @@ def run(self):
 
 setup(
     name="python-lzo",
-    version="1.15",
+    version="1.16",
     description="Python bindings for the LZO data compression library",
     author="Markus F.X.J. Oberhumer",
     author_email="markus@oberhumer.com",