diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 8878352c7..3a39fd8cf 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.34.0"
+  ".": "0.35.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 495a35206..f9fcfe34c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,22 @@
 # Changelog
 
+## 0.35.0 (2025-10-02)
+
+<!-- Release notes generated using configuration in .github/release.yaml at main -->
+
+## What's Changed
+### Exciting New Features 🎉
+* feat: enable Cilium source IP preservation by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1295
+* feat: update capa with nutanix fork by @faiq in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1329
+* feat: additionalTags handlers for AWS and EKS by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1333
+### Fixes 🔧
+* fix: use nodeadm mutations by @faiq in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1332
+### Other Changes
+* build: downgrade clusterctl version by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1330
+
+
+**Full Changelog**: https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/compare/v0.34.0...v0.35.0
+
 ## 0.34.0 (2025-09-29)
 
 <!-- Release notes generated using configuration in .github/release.yaml at main -->
diff --git a/docs/hugo.toml b/docs/hugo.toml
index a656e595a..c54c843ba 100644
--- a/docs/hugo.toml
+++ b/docs/hugo.toml
@@ -71,7 +71,7 @@ archived_version = false
 # The version number for the version of the docs represented in this doc set.
 # Used in the "version-banner" partial to display a version number for the
 # current doc set.
-version = "0.34.0"
+version = "0.35.0"
 
 # A link to latest version of the docs. Used in the "version-banner" partial to
 # point people to the main doc site.
diff --git a/metadata.yaml b/metadata.yaml
index 904c58d62..ede7ad866 100644
--- a/metadata.yaml
+++ b/metadata.yaml
@@ -103,3 +103,6 @@ releaseSeries:
   - contract: v1beta1
     major: 0
     minor: 34
+  - contract: v1beta1
+    major: 0
+    minor: 35
diff --git a/test/e2e/config/caren.yaml b/test/e2e/config/caren.yaml
index 6b6c9f5cf..1827ceebc 100644
--- a/test/e2e/config/caren.yaml
+++ b/test/e2e/config/caren.yaml
@@ -140,8 +140,8 @@ providers:
   versions:
   # Upgrade e2e tests will use this as the "upgrade from" version.
   # This should reference the most recent successful release.
-  - name: "{go://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix@v0.33}"
-    value: "https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/releases/download/{go://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix@v0.33}/runtime-extensions-components.yaml"
+  - name: "{go://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix@v0.34}"
+    value: "https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/releases/download/{go://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix@v0.34}/runtime-extensions-components.yaml"
     type: "url"
     contract: v1beta1
     files:
@@ -151,7 +151,7 @@ providers:
       new: "--v=8"
     - old: --metrics-addr=127.0.0.1:8080
       new: --metrics-addr=:8080
-  - name: v0.35.99 # "vNext"; use manifests from local source files
+  - name: v0.36.99 # "vNext"; use manifests from local source files
     value: "file://../../../runtime-extensions-components.yaml"
     type: "url"
     contract: v1beta1
diff --git a/test/e2e/data/shared/v1beta1-caren/metadata.yaml b/test/e2e/data/shared/v1beta1-caren/metadata.yaml
index 4c0f6ab7d..f741f7d0c 100644
--- a/test/e2e/data/shared/v1beta1-caren/metadata.yaml
+++ b/test/e2e/data/shared/v1beta1-caren/metadata.yaml
@@ -94,3 +94,6 @@ releaseSeries:
   - contract: v1beta1
     major: 0
     minor: 35
+  - contract: v1beta1
+    major: 0
+    minor: 36