diff --git a/VERSION.cmake b/VERSION.cmake
index 27e1b28527..c4152cc2ce 100644
--- a/VERSION.cmake
+++ b/VERSION.cmake
@@ -1,5 +1,5 @@
 set (DEFAULT_LIBDNF_MAJOR_VERSION 0)
-set (DEFAULT_LIBDNF_MINOR_VERSION 69)
+set (DEFAULT_LIBDNF_MINOR_VERSION 70)
 set (DEFAULT_LIBDNF_MICRO_VERSION 0)
 
 if(DEFINED LIBDNF_MAJOR_VERSION)
diff --git a/docs/release_notes.rst b/docs/release_notes.rst
index d1deba6d15..e09aef44fd 100644
--- a/docs/release_notes.rst
+++ b/docs/release_notes.rst
@@ -19,6 +19,23 @@
  LIBDNF Release Notes
 ######################
 
+====================
+0.70.0 Release Notes
+====================
+
+- Security fixes:
+  - Allow change of architecture for packages during security updates with noarch involved (RhBug:2124483)
+
+- Bug fixes:
+  - "dnf_keyring_add_public_keys": reset localError to NULL after free (RhBug:2121222)
+  - context: Get RPM db path from RPM
+  - Fix memory leak of SolvUserdata
+
+Bugs fixed in 0.70.0:
+
+* :rhbug:`2124483`
+* :rhbug:`2121222`
+
 ====================
 0.69.0 Release Notes
 ====================
diff --git a/libdnf.spec b/libdnf.spec
index a2abe562ae..fd5c60276f 100644
--- a/libdnf.spec
+++ b/libdnf.spec
@@ -4,7 +4,7 @@
 %global dnf_conflict 4.11.0
 %global swig_version 3.0.12
 %global libdnf_major_version 0
-%global libdnf_minor_version 69
+%global libdnf_minor_version 70
 %global libdnf_micro_version 0
 
 %define __cmake_in_source_build 1