diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1fba3c69..c3c6cd6a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -13,6 +13,14 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Changed
 
+## 3.1.2 - 2024-08-24
+
+### Added
+
+### Fixed
+
+- Update cargo version to v0.81.0 to fix (#671)
+### Changed
 ## [3.1.1] - 2024-08-15
 
 ### Added
diff --git a/cargo-espflash/Cargo.toml b/cargo-espflash/Cargo.toml
index 1c0d38ec..8980b2f9 100644
--- a/cargo-espflash/Cargo.toml
+++ b/cargo-espflash/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "cargo-espflash"
-version = "3.1.1"
+version = "3.1.2"
 edition = "2021"
 rust-version = "1.74"
 description = "Cargo subcommand for flashing Espressif devices"