diff --git a/CHANGELOG.md b/CHANGELOG.md
index 21333b8d2371..dac6501fe597 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -13,12 +13,16 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Fixed
 
-- Fixed bug in FieldSet routines when passing R8 ESMF fields
-
 ### Removed
 
 ### Deprecated
 
+## [2.47.1] - 2024-07-17
+
+### Fixed
+
+- Fixed bug in FieldSet routines when passing R8 ESMF fields
+
 ## [2.47.0] - 2024-06-24
 
 ### Added
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 5fdc64dc96b7..34a9c4d35e30 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -8,7 +8,7 @@ endif ()
 
 project (
   MAPL
-  VERSION 2.47.0
+  VERSION 2.47.1
   LANGUAGES Fortran CXX C)  # Note - CXX is required for ESMF
 
 # Set the possible values of build type for cmake-gui