diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6916da0..f84c53d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,8 @@
 # Changelog
 
+## 7.0.1
+* Enhancement: Add compatibility with `@angular/material`: `^16.0.0`
+
 ## 7.0.0
 * Update compatibility to `@angular/material@15` with the MDC-based `MatSelectModule` (`@angular/material/select`).
   [#412](https://github.com/bithost-gmbh/ngx-mat-select-search/issues/412)
diff --git a/README.md b/README.md
index 65c2566..89286a0 100644
--- a/README.md
+++ b/README.md
@@ -84,8 +84,8 @@ To use the [i18n](https://angular.io/guide/i18n) API for translation of the labe
 
 #### Current release
 
-* `@angular/core`: `^15.0.0`
-* `@angular/material`: `^15.0.0` with `MatSelectModule` (`@angular/material/select`)
+* `@angular/core`: `^15.0.0 || ^16.0.0`
+* `@angular/material`: `^15.0.0 || ^16.0.0` with `MatSelectModule` (`@angular/material/select`)
 
 #### Version [`6.0.0`](https://github.com/bithost-gmbh/ngx-mat-select-search/tree/6.0.0)
 
diff --git a/package-lock.json b/package-lock.json
index 8044af1..cd2bd58 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "ngx-mat-select-search",
-  "version": "7.0.0",
+  "version": "7.0.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
diff --git a/package.json b/package.json
index 1bf91c5..7705563 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "ngx-mat-select-search",
   "description": "Angular component providing an input field for searching / filtering MatSelect options of the Angular Material library.",
-  "version": "7.0.0",
+  "version": "7.0.1",
   "license": "MIT",
   "scripts": {
     "ng": "ng",
@@ -32,7 +32,7 @@
   ],
   "homepage": "https://github.com/bithost-gmbh/ngx-mat-select-search",
   "peerDependencies": {
-    "@angular/material": "^15.0.0"
+    "@angular/material": "^15.0.0 || ^16.0.0"
   },
   "devDependencies": {
     "@angular-devkit/build-angular": "^15.0.1",
diff --git a/src/app/mat-select-search/ngx-mat-select-search.module.ts b/src/app/mat-select-search/ngx-mat-select-search.module.ts
index ff8c34b..fd3e6bd 100755
--- a/src/app/mat-select-search/ngx-mat-select-search.module.ts
+++ b/src/app/mat-select-search/ngx-mat-select-search.module.ts
@@ -19,7 +19,7 @@ import { ReactiveFormsModule } from '@angular/forms';
 import { MatSelectNoEntriesFoundDirective } from './mat-select-no-entries-found.directive';
 import { MatDividerModule } from '@angular/material/divider';
 
-export const MatSelectSearchVersion = '7.0.0';
+export const MatSelectSearchVersion = '7.0.1';
 export { MatSelectSearchClearDirective };
 export { MatSelectNoEntriesFoundDirective };