diff --git a/CHANGELOG.md b/CHANGELOG.md
index 637e978..a649682 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,14 @@
-## 1.17.0 - 2016-06-06
+## 1.17.1 - 2016-06-10
+
+Patch release, resolves two issues:
+
+* VM: Fixes a bug that caused crashes in async functions.
+(SDK issue [26668](https://github.com/dart-lang/sdk/issues/26668))
+
+* VM: Fixes a bug that caused garbage collection of reachable weak properties.
+(https://codereview.chromium.org/2041413005)
+
+## 1.17.0 - 2016-06-08
 
 ### Core library changes
 * `dart:convert`
diff --git a/tools/VERSION b/tools/VERSION
index 056acef..b32057e 100644
--- a/tools/VERSION
+++ b/tools/VERSION
@@ -26,6 +26,6 @@
 CHANNEL stable
 MAJOR 1
 MINOR 17
-PATCH 0
+PATCH 1
 PRERELEASE 0
 PRERELEASE_PATCH 0