diff --git a/CMakeLists.txt b/CMakeLists.txt
index ed1e50acc..20e3692b4 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,7 +3,7 @@ cmake_minimum_required(VERSION 3.10.2 FATAL_ERROR)
 #============================================================================
 # Initialize the project
 #============================================================================
-project(ignition-gui4 VERSION 4.1.1)
+project(ignition-gui4 VERSION 4.2)
 
 #============================================================================
 # Find ignition-cmake
diff --git a/Changelog.md b/Changelog.md
index 25543349f..f453e85d1 100644
--- a/Changelog.md
+++ b/Changelog.md
@@ -4,6 +4,14 @@
 
 ### Ignition Gui 4.X.X (20XX-XX-XX)
 
+### Ignition Gui 4.2.0 (2021-02-09)
+
+1. Added issue and PR templates
+    * [Pull request 174](https://github.com/ignitionrobotics/ign-gui/pull/174)
+
+1. Visualize single channel 8 bit image data
+    * [Pull request 176](https://github.com/ignitionrobotics/ign-gui/pull/176)
+
 ### Ignition Gui 4.1.1 (2021-01-05)
 
 1. Use default value of double ptr argv for CLI