diff --git a/NEWS b/NEWS
index b4c9eaa..0a9a064 100644
--- a/NEWS
+++ b/NEWS
@@ -7,6 +7,9 @@ Changes and improvements to testtools_, grouped by release.
 NEXT
 ~~~~
 
+1.7.1
+~~~~~
+
 Improvements
 ------------
 
diff --git a/testtools/__init__.py b/testtools/__init__.py
index 6d838f6..8782708 100644
--- a/testtools/__init__.py
+++ b/testtools/__init__.py
@@ -122,4 +122,4 @@ else:
 # If the releaselevel is 'final', then the tarball will be major.minor.micro.
 # Otherwise it is major.minor.micro~$(revno).
 
-__version__ = (1, 8, 0, 'dev', 0)
+__version__ = (1, 7, 1, 'final', 0)