diff --git a/CHANGES.rst b/CHANGES.rst
index 66f4a052..b8f4920f 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,6 +1,19 @@
 Changes
 =======
 
+0.49.0
+------
+
+* Added Python 3.11 support.
+* ``PiccoloCRUD`` validators can now be async.
+* Improved logging.
+* The minimum version of FastAPI is now ``0.87.0``. The reason for this is
+  Starlette made a fairly large change in version ``0.21.0``, which meant we
+  had to refactor a lot of our tests, which makes it challenging to support
+  older versions.
+
+-------------------------------------------------------------------------------
+
 0.48.1
 ------
 
diff --git a/piccolo_api/__init__.py b/piccolo_api/__init__.py
index 72fd903d..19716827 100644
--- a/piccolo_api/__init__.py
+++ b/piccolo_api/__init__.py
@@ -1 +1 @@
-__VERSION__ = "0.48.1"
+__VERSION__ = "0.49.0"