diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1e26cc559..3682e0212 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## v1.70.1 (2024-02-13)
+
+### Bug Fixes and Other Changes
+
+ * Do not autodeclare FreeParameter in OQpy
+
 ## v1.70.0 (2024-02-12)
 
 ### Features
diff --git a/src/braket/_sdk/_version.py b/src/braket/_sdk/_version.py
index 99e2e0b96..2d23afac9 100644
--- a/src/braket/_sdk/_version.py
+++ b/src/braket/_sdk/_version.py
@@ -15,4 +15,4 @@
    Version number (major.minor.patch[-label])
 """
 
-__version__ = "1.70.1.dev0"
+__version__ = "1.70.1"