diff --git a/CHANGELOG.md b/CHANGELOG.md
index ea427746f..e1cfc33de 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,12 @@
 # ChangeLog
+## 3.16.1
+### Fixed
+* Changed dependency on gRPC from v1.27.0 to v1.39.0. This in turn changes gRPC's dependency on `x/crypto` to v0.0.0-20200622213623-75b288015ac9, which fixes a security vulnerability in the `x/crypto` standard library module. Fixes [issue #451](https://github.com/newrelic/go-agent/issues/451).
+* Incremented version number of the `nrawssdk-v1` integration from v1.0.1 to v1.1.0 to resolve an incompatibility issue due to changes to underlying code. Fixes [issue #499](https://github.com/newrelic/go-agent/issues/499)
+
+### Support Statement
+New Relic recommends that you upgrade the agent regularly to ensure that you’re getting the latest features and performance benefits. Additionally, older releases will no longer be supported when they reach end-of-life.
+
 ## 3.16.0
 ### Added
 * Distributed Tracing is now the default mode of operation. It may be disabled by user configuration if so desired. [PR #495](https://github.com/newrelic/go-agent/pull/495)
diff --git a/v3/go.mod b/v3/go.mod
index 2ada3801e..92bc2eef5 100644
--- a/v3/go.mod
+++ b/v3/go.mod
@@ -3,6 +3,6 @@ module github.com/newrelic/go-agent/v3
 go 1.7
 
 require (
-	github.com/golang/protobuf v1.3.3
-	google.golang.org/grpc v1.27.0
+	github.com/golang/protobuf v1.4.3
+	google.golang.org/grpc v1.39.0
 )
diff --git a/v3/integrations/nrgrpc/go.mod b/v3/integrations/nrgrpc/go.mod
index e6ac3bd62..6f094e377 100644
--- a/v3/integrations/nrgrpc/go.mod
+++ b/v3/integrations/nrgrpc/go.mod
@@ -10,5 +10,5 @@ require (
 	github.com/golang/protobuf v1.3.3
 	github.com/newrelic/go-agent/v3 v3.12.0
 	// v1.15.0 is the earliest version of grpc using modules.
-	google.golang.org/grpc v1.27.0
+	google.golang.org/grpc v1.39.0
 )
diff --git a/v3/newrelic/version.go b/v3/newrelic/version.go
index bc40e2661..049c07cb4 100644
--- a/v3/newrelic/version.go
+++ b/v3/newrelic/version.go
@@ -11,7 +11,7 @@ import (
 
 const (
 	// Version is the full string version of this Go Agent.
-	Version = "3.16.0"
+	Version = "3.16.1"
 )
 
 var (