diff --git a/.VERSION b/.VERSION
index ce6a70b..9dbb0c0 100644
--- a/.VERSION
+++ b/.VERSION
@@ -1 +1 @@
-1.6.0
\ No newline at end of file
+1.7.0
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 36ae0cb..e8c4a33 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,18 @@
 
 ---
 
+[//]: # (START/v1.7.0)
+# v1.7.0
+
+## Features
+  * Upgraded operator to version 1.29.0. {#162}
+  * Upgraded Golang version to 1.20. {#161}
+  * Upgraded 1Password Connect version to 1.5.1. {#161}
+  * Added runAsNonRoot and allowPrivalegeEscalation to specs. {#151}
+  * Added code quality improvements. {#146}
+
+---
+
 [//]: # (START/v1.6.0)
 # v1.6.0