diff --git a/NEWS.md b/NEWS.md
new file mode 100644
index 000000000..5936766da
--- /dev/null
+++ b/NEWS.md
@@ -0,0 +1,9 @@
+ClimaCalibrate.jl Release Notes
+========================
+
+main
+-------
+
+v0.2.0
+-------
+- Refactor backend structs to store relevant information [245](https://github.com/CliMA/ClimaCalibrate.jl/pull/245)
diff --git a/Project.toml b/Project.toml
index f534ca063..7a9e1aee7 100644
--- a/Project.toml
+++ b/Project.toml
@@ -1,7 +1,7 @@
 name = "ClimaCalibrate"
 uuid = "4347a170-ebd6-470c-89d3-5c705c0cacc2"
 authors = ["Climate Modeling Alliance"]
-version = "0.1.4"
+version = "0.2.0"
 
 [deps]
 Dates = "ade2ca70-3891-5945-98fb-dc099432e06a"