diff --git a/DESCRIPTION b/DESCRIPTION
index 511a6b20d..c017128c5 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,5 +1,5 @@
 Package: pak
-Version: 0.1.2.9001
+Version: 0.2.0
 Title: Another Approach to Package Installation
 Description: The goal of 'pak' is to make package installation faster and
     more reliable. In particular, it performs all HTTP operations in parallel,
diff --git a/NEWS.md b/NEWS.md
index 8151dc069..c33f50382 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,5 +1,5 @@
 
-# pak development version
+# pak 0.2.0
 
 Lots of news, too much to list. This is a completely new package now.