diff --git a/NEWS b/NEWS
index 9d8f214..1d374a1 100644
--- a/NEWS
+++ b/NEWS
@@ -1,5 +1,18 @@
 rust2rpm
 
+Version 24.3.1
+==============
+
+This release contains only two small fixes:
+
+- Fixed a subtle bug in `rust2rpm.conf` file validation. The "default" feature
+  was only accepted as a feature name if it was explicitly listed in the crate
+  metadata, but the "default" feature is always implicitly defined and is always
+  a valid feature name.
+- Added `riscv64` to the list of `target_arch` values that are considered
+  "supported" when auto-generating `Cargo.toml` patches to remove "foreign"
+  dependencies.
+
 Version 24.3.0
 ==============
 
diff --git a/rust2rpm/__init__.py b/rust2rpm/__init__.py
index b6b33cc..b1eae10 100644
--- a/rust2rpm/__init__.py
+++ b/rust2rpm/__init__.py
@@ -10,7 +10,7 @@ from rust2rpm import licensing
 #   release of the last minor version.
 #
 # Only the major version is included in the header of generated spec files.
-__version__ = "24.3.0"
+__version__ = "24.3.1"
 
 TARGET_ARCHES = [
     "x86_64",