diff --git a/RELEASES.md b/RELEASES.md
index 95fb067..71550c9 100644
--- a/RELEASES.md
+++ b/RELEASES.md
@@ -1,3 +1,9 @@
+Version 0.3.0 (2021-01-24)
+==========================
+
+- Added cutout mode
+
+
 Version 0.2.0 (2020-11-15)
 ==========================
 
diff --git a/cmdapp/Cargo.toml b/cmdapp/Cargo.toml
index cbfbba3..d6e0ca3 100644
--- a/cmdapp/Cargo.toml
+++ b/cmdapp/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "vtracer"
-version = "0.2.1"
+version = "0.3.0"
 authors = ["Chris Tsang <tyt2y7@gmail.com>"]
 edition = "2018"
 description = "A cmd app to convert images into vector graphics."