diff --git a/CHANGELOG.md b/CHANGELOG.md
index 881d9f0fe..863a4a763 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,34 @@
 # Changelog
 
+## 0.1.40
+
+### Enhancements
+
+- Add `--allow-existing` to overwrite existing virtualenv ([#2548](https://github.com/astral-sh/uv/pull/2548))
+- Respect and enable uninstalls of legacy editables (`.egg-link`) ([#3415](https://github.com/astral-sh/uv/pull/3415))
+- Respect and enable uninstalls of existing `.egg-info` packages ([#3380](https://github.com/astral-sh/uv/pull/3380))
+
+### CLI
+
+- Accept `--no-upgrade`, `--no-refresh`, etc. on the CLI ([#3328](https://github.com/astral-sh/uv/pull/3328))
+
+### Configuration
+
+- Expose `UV_NO_BUILD_ISOLATION` as environment variable ([#3318](https://github.com/astral-sh/uv/pull/3318))
+- Expose `UV_PYTHON` as an environment variable ([#3284](https://github.com/astral-sh/uv/pull/3284))
+- Expose `UV_LINK_MODE` as environment variable ([#3315](https://github.com/astral-sh/uv/pull/3315))
+- Add `UV_CUSTOM_COMPILE_COMMAND` to environment variable docs ([#3382](https://github.com/astral-sh/uv/pull/3382))
+
+### Bug fixes
+
+- Ignore 401 HTTP responses with multiple indexes ([#3292](https://github.com/astral-sh/uv/pull/3292))
+- Avoid panic for file URLs ([#3306](https://github.com/astral-sh/uv/pull/3306))
+- Quote version parse errors consistently ([#3325](https://github.com/astral-sh/uv/pull/3325))
+- Detect current environment when `uv` is invoked from within a virtualenv ([#3379](https://github.com/astral-sh/uv/pull/3379))
+- Unset target when creating virtual environments ([#3362](https://github.com/astral-sh/uv/pull/3362))
+- Update activation scripts from virtualenv ([#3376](https://github.com/astral-sh/uv/pull/3376))
+- Use canonical URLs in satisfaction check ([#3373](https://github.com/astral-sh/uv/pull/3373))
+
 ## 0.1.39
 
 ### Enhancements
diff --git a/Cargo.lock b/Cargo.lock
index fdcb4b6ae..916b76191 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4531,7 +4531,7 @@ checksum = "a183cf7feeba97b4dd1c0d46788634f6221d87fa961b305bed08c851829efcc0"
 
 [[package]]
 name = "uv"
-version = "0.1.39"
+version = "0.1.40"
 dependencies = [
  "anstream",
  "anyhow",
@@ -5115,7 +5115,7 @@ dependencies = [
 
 [[package]]
 name = "uv-version"
-version = "0.1.39"
+version = "0.1.40"
 
 [[package]]
 name = "uv-virtualenv"
diff --git a/crates/uv-version/Cargo.toml b/crates/uv-version/Cargo.toml
index 60b8f001c..33976f0b3 100644
--- a/crates/uv-version/Cargo.toml
+++ b/crates/uv-version/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "uv-version"
-version = "0.1.39"
+version = "0.1.40"
 edition = { workspace = true }
 rust-version = { workspace = true }
 homepage = { workspace = true }
diff --git a/crates/uv/Cargo.toml b/crates/uv/Cargo.toml
index 7f5c3cbc3..70e0ba13f 100644
--- a/crates/uv/Cargo.toml
+++ b/crates/uv/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "uv"
-version = "0.1.39"
+version = "0.1.40"
 edition = { workspace = true }
 rust-version = { workspace = true }
 homepage = { workspace = true }
diff --git a/pyproject.toml b/pyproject.toml
index 53ef27023..a3243b458 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "maturin"
 
 [project]
 name = "uv"
-version = "0.1.39"
+version = "0.1.40"
 description = "An extremely fast Python package installer and resolver, written in Rust."
 authors = [{ name = "Astral Software Inc.", email = "hey@astral.sh" }]
 requires-python = ">=3.8"