diff --git a/instrumentation/rake/CHANGELOG.md b/instrumentation/rake/CHANGELOG.md
index 304d8b840a..b2b26f886f 100644
--- a/instrumentation/rake/CHANGELOG.md
+++ b/instrumentation/rake/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Release History: opentelemetry-instrumentation-rake
 
+### v0.3.1 / 2025-06-03
+
+* FIXED: Handle force_flush for rake task with arguments
+
 ### v0.3.0 / 2025-01-16
 
 * BREAKING CHANGE: Set minimum supported version to Ruby 3.1
diff --git a/instrumentation/rake/lib/opentelemetry/instrumentation/rake/version.rb b/instrumentation/rake/lib/opentelemetry/instrumentation/rake/version.rb
index 2db11acc9f..756487f005 100644
--- a/instrumentation/rake/lib/opentelemetry/instrumentation/rake/version.rb
+++ b/instrumentation/rake/lib/opentelemetry/instrumentation/rake/version.rb
@@ -7,7 +7,7 @@
 module OpenTelemetry
   module Instrumentation
     module Rake
-      VERSION = '0.3.0'
+      VERSION = '0.3.1'
     end
   end
 end