diff --git a/CMakeLists.txt b/CMakeLists.txt
index c1cf0c218..bbece97cf 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -28,13 +28,13 @@ if("${CMAKE_SOURCE_DIR}" STREQUAL "${CMAKE_BINARY_DIR}")
      You must delete them, or cmake will refuse to work.")
 endif()
 
-project(wolfssl VERSION 5.1.0 LANGUAGES C)
+project(wolfssl VERSION 5.1.1 LANGUAGES C)
 
 # shared library versioning
 # increment if interfaces have been added, removed or changed
 set(LIBTOOL_CURRENT 31)
 # increment if source code has changed  set to zero if current is incremented
-set(LIBTOOL_REVISION 0)
+set(LIBTOOL_REVISION 1)
 # increment if interfaces have been added set to zero if interfaces have been
 # removed or changed
 set(LIBTOOL_AGE 1)
diff --git a/configure.ac b/configure.ac
index 6ff05e6f8..f421a11e5 100644
--- a/configure.ac
+++ b/configure.ac
@@ -7,7 +7,7 @@
 #
 AC_COPYRIGHT([Copyright (C) 2006-2020 wolfSSL Inc.])
 AC_PREREQ([2.69])
-AC_INIT([wolfssl],[5.1.0],[https://github.com/wolfssl/wolfssl/issues],[wolfssl],[https://www.wolfssl.com])
+AC_INIT([wolfssl],[5.1.1],[https://github.com/wolfssl/wolfssl/issues],[wolfssl],[https://www.wolfssl.com])
 AC_CONFIG_AUX_DIR([build-aux])
 
 # The following sets CFLAGS to empty if unset on command line.  We do not
@@ -38,7 +38,7 @@ LT_INIT([disable-static win32-dll])
 AC_ARG_VAR(EXTRA_CFLAGS, [Extra CFLAGS to add to autoconf-computed arg list.  Can also supply directly to make.])
 
 #shared library versioning
-WOLFSSL_LIBRARY_VERSION=31:0:1
+WOLFSSL_LIBRARY_VERSION=31:1:1
 #                        | | |
 #                 +------+ | +---+
 #                 |        |     |
diff --git a/wolfssl.rc b/wolfssl.rc
index 372724d3c..f63c78678 100644
Binary files a/wolfssl.rc and b/wolfssl.rc differ
diff --git a/wolfssl/version.h b/wolfssl/version.h
index 457223c52..b7769d3de 100644
--- a/wolfssl/version.h
+++ b/wolfssl/version.h
@@ -28,8 +28,8 @@
 extern "C" {
 #endif
 
-#define LIBWOLFSSL_VERSION_STRING "5.1.0"
-#define LIBWOLFSSL_VERSION_HEX 0x05001000
+#define LIBWOLFSSL_VERSION_STRING "5.1.1"
+#define LIBWOLFSSL_VERSION_HEX 0x05001001
 
 #ifdef __cplusplus
 }