diff --git a/CHANGELOG.md b/CHANGELOG.md
index 724f2b27..4a060bca 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Change Log
 
+## [4.58.1](https://github.com/plivo/plivo-python/tree/v4.58.1) (2024-12-19)
+**Compatibility - Extended support for Python 3.13**
+- Updated dependencies to ensure compatibility with Python 3.13.
+
 ## [4.58.0](https://github.com/plivo/plivo-python/tree/v4.58.0) (2024-11-19)
 **Feature - Transcription params  added in  MPC XML Element**
 - Support for the `transcriptionUrl`, `transcript`  parameter in MPC XML Element.
@@ -22,7 +26,7 @@
 - Added support for `dtmf` in GET and LIST verify session.
 
 ## [4.56.0](https://github.com/plivo/plivo-python/tree/v4.56.0) (2024-09-30)
-**Feature - Adding new param support for Number Masking session with single party **
+**Feature - Adding new param support for Number Masking session with single party**
 - Added `create_session_with_single_party`, `virtual_number_cooloff_period` and `force_pin_authentication` attributes in Masking Session
 
 ## [4.55.5](https://github.com/plivo/plivo-python/tree/v4.55.5) (2024-09-10)
diff --git a/plivo/version.py b/plivo/version.py
index ca614615..5ba813fa 100644
--- a/plivo/version.py
+++ b/plivo/version.py
@@ -1,2 +1,2 @@
 # -*- coding: utf-8 -*-
-__version__ = '4.58.0'
+__version__ = '4.58.1'
diff --git a/setup.py b/setup.py
index 4c89acad..f7181ee1 100644
--- a/setup.py
+++ b/setup.py
@@ -10,7 +10,7 @@
 
 setup(
     name='plivo',
-    version='4.58.0',
+    version='4.58.1',
     description='A Python SDK to make voice calls & send SMS using Plivo and to generate Plivo XML',
     long_description=long_description,
     url='https://github.com/plivo/plivo-python',
@@ -34,6 +34,7 @@
         'Programming Language :: Python :: 3.8',
         'Programming Language :: Python :: 3.9',
         'Programming Language :: Python :: 3.11',
+        'Programming Language :: Python :: 3.13',
         'Topic :: Software Development :: Libraries :: Python Modules',
         'Topic :: Communications :: Telephony',
     ],
@@ -41,7 +42,7 @@
         'requests >= 2, < 3',
         'six >= 1, < 2',
         'decorator >= 5',
-        'lxml >= 3, < 5',
+        'lxml >= 3',
         'PyJWT'
     ],
     keywords=['plivo', 'plivo xml', 'voice calls', 'sms'],