diff --git a/docs/conf.py b/docs/conf.py
index 9eaf3742b03a4ffa4d7b4cfdb346cd00bc73c824..75c2b1b081a134ff06e80f122781dbbd8857a831 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -54,9 +54,9 @@ copyright = u'2013, Branko Majic'
 # built documents.
 #
 # The short X.Y version.
-version = '0.1'
+version = '0.2'
 # The full version, including alpha/beta/rc tags.
-release = '0.1'
+release = '0.2'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/docs/releasenotes.rst b/docs/releasenotes.rst
index e2faf28b2053a3a6aa92916b85c5343e35f76dc6..f87788ec941b298e8bfd79d7f963fb175b19fb55 100644
--- a/docs/releasenotes.rst
+++ b/docs/releasenotes.rst
@@ -1,6 +1,27 @@
 Release notes
 =============
 
+0.2
+---
+
+Update introduces support for Django 1.8+ and some documentation improvements.
+
+New features:
+
+* `DJPYD-7: Update application for use in Django 1.8, 1.9, and Django 1.10
+  <https://projects.majic.rs/django-pydenticon/issues/DJPYD-7>`_
+
+  Minimum requirement for Django is now 1.8.x. Fixes are compatible with Django
+  1.9.x and 1.10.x as well.
+
+Enhancements:
+
+* `DJPYD-8: Update Pydenticon requirement to version 0.3
+  <https://projects.majic.rs/django-pydenticon/issues/DJPYD-8>`_
+
+  Introduced explicit dependency on Pydenticon 0.3, which also introduces
+  ability to handle transparency in PNGs.
+
 0.1
 ---
 
diff --git a/setup.py b/setup.py
index b0fbad67f98e978df176f841cdb3859f2c9ef789..e60eebb92244f5a8ef204deaed89af34258557a7 100644
--- a/setup.py
+++ b/setup.py
@@ -10,7 +10,7 @@ os.chdir(os.path.normpath(os.path.join(os.path.abspath(__file__), os.pardir)))
 
 setup(
     name='django-pydenticon',
-    version='0.1',
+    version='0.2',
     packages=find_packages(exclude=["testproject", "testproject.*"]),
     include_package_data=True,
     license='BSD',