diff --git a/.release b/.release
index 87b75fde02ff38edc5a39741f2fed429127edd5a..f9f7a81457c881ab187986d0e51db124eecc4caa 100644
--- a/.release
+++ b/.release
@@ -1,2 +1,2 @@
-release=0.7.0
-tag=lmcbaseclasses-0.7.0
+release=0.7.1
+tag=lmcbaseclasses-0.7.1
diff --git a/README.md b/README.md
index 95a0c07f1265a09513214176bcaac2140e163d1b..049ee081a35ba69b95d2d1aea76658b23fb3b104 100644
--- a/README.md
+++ b/README.md
@@ -25,6 +25,9 @@ The lmc-base-classe repository contains set of eight classes as mentioned in SKA
 
 ## Version History
 
+#### 0.7.1
+- Bugfix for Reset() command
+
 #### 0.7.0
 - Separate adminMode state machine from opState state machine
 - Add support for STANDBY opState
diff --git a/src/ska/base/release.py b/src/ska/base/release.py
index a983abcd3064aead4090cba2d4f7d79cfadaac3a..2c803a690f3776f544c751ba2e7ef1096331e4b7 100644
--- a/src/ska/base/release.py
+++ b/src/ska/base/release.py
@@ -7,7 +7,7 @@
 """Release information for lmc-base-classes Python Package"""
 
 name = """lmcbaseclasses"""
-version = "0.7.0"
+version = "0.7.1"
 version_info = version.split(".")
 description = """A set of generic base devices for SKA Telescope."""
 author = "SKA India and SARAO and CSIRO"