diff --git a/DESCRIPTION b/DESCRIPTION
index 10cb2c55..a57967ac 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: bbotk
 Title: Black-Box Optimization Toolkit
-Version: 1.2.0.9000
+Version: 1.3.0
 Authors@R: c(
     person("Marc", "Becker", , "marcbecker@posteo.de", role = c("cre", "aut"),
            comment = c(ORCID = "0000-0002-8115-0400")),
diff --git a/NEWS.md b/NEWS.md
index f32c412e..b9d38303 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# bbotk (development version)
+# bbotk 1.3.0
 
 * feat: Add new stage `on_result_begin` to `CallbackAsyncTuning` and `CallbackBatchTuning`.
 * refactor: Rename stage `on_result` to `on_result_end` in `CallbackAsyncTuning` and `CallbackBatchTuning`.