diff --git a/src/ast/mod.rs b/src/ast/mod.rs
index d008fd631..96a966817 100644
--- a/src/ast/mod.rs
+++ b/src/ast/mod.rs
@@ -1106,7 +1106,11 @@ pub enum Statement {
     /// `COMMIT [ TRANSACTION | WORK ] [ AND [ NO ] CHAIN ]`
     Commit { chain: bool },
     /// `ROLLBACK [ TRANSACTION | WORK ] [ AND [ NO ] CHAIN ]`
-    Rollback { chain: bool },
+    /// `ROLLBACK [ TRANSACTION | WORK ] TO [ SAVEPOINT ] name`
+    Rollback {
+        savepoint: Option<Ident>,
+        chain: bool,
+    },
     /// CREATE SCHEMA
     CreateSchema {
         schema_name: ObjectName,
@@ -1184,6 +1188,8 @@ pub enum Statement {
     },
     /// SAVEPOINT -- define a new savepoint within the current transaction
     Savepoint { name: Ident },
+    /// RELEASE -- release a previously defined savepoint
+    Release { name: Ident },
     // MERGE INTO statement, based on Snowflake. See <https://docs.snowflake.com/en/sql-reference/sql/merge.html>
     Merge {
         // Specifies the table to merge
@@ -1956,8 +1962,17 @@ impl fmt::Display for Statement {
             Statement::Commit { chain } => {
                 write!(f, "COMMIT{}", if *chain { " AND CHAIN" } else { "" },)
             }
-            Statement::Rollback { chain } => {
-                write!(f, "ROLLBACK{}", if *chain { " AND CHAIN" } else { "" },)
+            Statement::Rollback { savepoint, chain } => {
+                write!(
+                    f,
+                    "ROLLBACK{}{}",
+                    if let Some(savepoint) = savepoint {
+                        format!(" TO {}", savepoint)
+                    } else {
+                        "".to_string()
+                    },
+                    if *chain { " AND CHAIN" } else { "" },
+                )
             }
             Statement::CreateSchema {
                 schema_name,
@@ -2049,6 +2064,10 @@ impl fmt::Display for Statement {
                 write!(f, "SAVEPOINT ")?;
                 write!(f, "{}", name)
             }
+            Statement::Release { name } => {
+                write!(f, "RELEASE ")?;
+                write!(f, "{}", name)
+            }
             Statement::Merge {
                 table,
                 source,
diff --git a/src/parser.rs b/src/parser.rs
index 75903ce3d..c28ee6f38 100644
--- a/src/parser.rs
+++ b/src/parser.rs
@@ -186,6 +186,7 @@ impl<'a> Parser<'a> {
                 // by at least PostgreSQL and MySQL.
                 Keyword::BEGIN => Ok(self.parse_begin()?),
                 Keyword::SAVEPOINT => Ok(self.parse_savepoint()?),
+                Keyword::RELEASE => Ok(self.parse_release()?),
                 Keyword::COMMIT => Ok(self.parse_commit()?),
                 Keyword::ROLLBACK => Ok(self.parse_rollback()?),
                 Keyword::ASSERT => Ok(self.parse_assert()?),
@@ -390,6 +391,12 @@ impl<'a> Parser<'a> {
         Ok(Statement::Savepoint { name })
     }
 
+    pub fn parse_release(&mut self) -> Result<Statement, ParserError> {
+        let _ = self.parse_keyword(Keyword::SAVEPOINT);
+        let name = self.parse_identifier()?;
+        Ok(Statement::Release { name })
+    }
+
     /// Parse an expression prefix
     pub fn parse_prefix(&mut self) -> Result<Expr, ParserError> {
         // PostgreSQL allows any string literal to be preceded by a type name, indicating that the
@@ -4654,19 +4661,27 @@ impl<'a> Parser<'a> {
     }
 
     pub fn parse_commit(&mut self) -> Result<Statement, ParserError> {
+        let _ = self.parse_one_of_keywords(&[Keyword::TRANSACTION, Keyword::WORK]);
         Ok(Statement::Commit {
             chain: self.parse_commit_rollback_chain()?,
         })
     }
 
     pub fn parse_rollback(&mut self) -> Result<Statement, ParserError> {
+        let _ = self.parse_one_of_keywords(&[Keyword::TRANSACTION, Keyword::WORK]);
+        let savepoint = if self.parse_keyword(Keyword::TO) {
+            let _ = self.parse_keyword(Keyword::SAVEPOINT);
+            Some(self.parse_identifier()?)
+        } else {
+            None
+        };
         Ok(Statement::Rollback {
+            savepoint,
             chain: self.parse_commit_rollback_chain()?,
         })
     }
 
     pub fn parse_commit_rollback_chain(&mut self) -> Result<bool, ParserError> {
-        let _ = self.parse_one_of_keywords(&[Keyword::TRANSACTION, Keyword::WORK]);
         if self.parse_keyword(Keyword::AND) {
             let chain = !self.parse_keyword(Keyword::NO);
             self.expect_keyword(Keyword::CHAIN)?;
diff --git a/tests/sqlparser_common.rs b/tests/sqlparser_common.rs
index d4274b25a..ec782f10a 100644
--- a/tests/sqlparser_common.rs
+++ b/tests/sqlparser_common.rs
@@ -4474,12 +4474,28 @@ fn parse_commit() {
 #[test]
 fn parse_rollback() {
     match verified_stmt("ROLLBACK") {
-        Statement::Rollback { chain: false } => (),
+        Statement::Rollback {
+            savepoint: None,
+            chain: false,
+        } => (),
         _ => unreachable!(),
     }
 
     match verified_stmt("ROLLBACK AND CHAIN") {
-        Statement::Rollback { chain: true } => (),
+        Statement::Rollback {
+            savepoint: None,
+            chain: true,
+        } => (),
+        _ => unreachable!(),
+    }
+
+    match verified_stmt("ROLLBACK TO foo") {
+        Statement::Rollback {
+            savepoint: Some(ident),
+            chain: false,
+        } => {
+            assert_eq!(ident.value, "foo")
+        }
         _ => unreachable!(),
     }
 
@@ -4490,6 +4506,11 @@ fn parse_rollback() {
     one_statement_parses_to("ROLLBACK TRANSACTION AND CHAIN", "ROLLBACK AND CHAIN");
     one_statement_parses_to("ROLLBACK WORK", "ROLLBACK");
     one_statement_parses_to("ROLLBACK TRANSACTION", "ROLLBACK");
+    one_statement_parses_to("ROLLBACK WORK TO foo", "ROLLBACK TO foo");
+    one_statement_parses_to("ROLLBACK TRANSACTION TO foo", "ROLLBACK TO foo");
+    one_statement_parses_to("ROLLBACK TO SAVEPOINT foo", "ROLLBACK TO foo");
+    one_statement_parses_to("ROLLBACK WORK TO SAVEPOINT foo", "ROLLBACK TO foo");
+    one_statement_parses_to("ROLLBACK TRANSACTION TO SAVEPOINT foo", "ROLLBACK TO foo");
 }
 
 #[test]
diff --git a/tests/sqlparser_postgres.rs b/tests/sqlparser_postgres.rs
index 13dd12a4a..892f61ff3 100644
--- a/tests/sqlparser_postgres.rs
+++ b/tests/sqlparser_postgres.rs
@@ -1362,6 +1362,18 @@ fn test_savepoint() {
     }
 }
 
+#[test]
+fn test_release() {
+    match pg().verified_stmt("RELEASE test1") {
+        Statement::Release { name } => {
+            assert_eq!(Ident::new("test1"), name);
+        }
+        _ => unreachable!(),
+    }
+
+    pg_and_generic().one_statement_parses_to("RELEASE SAVEPOINT foo", "RELEASE foo");
+}
+
 #[test]
 fn parse_comments() {
     match pg().verified_stmt("COMMENT ON COLUMN tab.name IS 'comment'") {