diff --git a/setup.py b/setup.py
index d1280d9ce..ef81216f6 100644
--- a/setup.py
+++ b/setup.py
@@ -16,9 +16,9 @@
 NAME = 'Orange3-Text'
 
 MAJOR = 1
-MINOR = 17
-MICRO = 0
-IS_RELEASED = False
+MINOR = 16
+MICRO = 1
+IS_RELEASED = True
 VERSION = '%d.%d.%d' % (MAJOR, MINOR, MICRO)
 FULL_VERSION = VERSION