diff --git a/CHANGELOG.md b/CHANGELOG.md
index fb29b4022..a421e7f6a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-**3.3.6** (October 5, 2015)
+**3.4.0** (October 5, 2015)
 
 * Expose method to override the sass cache in the SassProcessor.
 
diff --git a/lib/sprockets/version.rb b/lib/sprockets/version.rb
index 1f85ee26e..f58ebf04a 100644
--- a/lib/sprockets/version.rb
+++ b/lib/sprockets/version.rb
@@ -1,3 +1,3 @@
 module Sprockets
-  VERSION = "3.3.6"
+  VERSION = "3.4.0"
 end