diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 466df71..2be9c43 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.1.0"
+  ".": "0.2.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 429dbdf..12e8dba 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## [0.2.0](https://github.com/cachekit-io/cachekit-py/compare/cachekit-v0.1.0...cachekit-v0.2.0) (2025-12-12)
+
+
+### Features
+
+* initial cachekit v0.1.0-alpha oss release ([a0800c3](https://github.com/cachekit-io/cachekit-py/commit/a0800c3869e29a9d3a3fd553ac32be3b6621e434))
+
+
+### Bug Fixes
+
+* backend=None uses L1 (in-memory) cache which works everywhere. ([7ce81e2](https://github.com/cachekit-io/cachekit-py/commit/7ce81e21d667cf47f935884fdd65adafa39581ba))
+* L1-only mode (backend=None) should not attempt Redis connection ([0898986](https://github.com/cachekit-io/cachekit-py/commit/089898659d026a6b15fd8e09e05f6ef77f5e8e66))
+
 ## 0.1.0 (2025-12-11)
 
 
diff --git a/pyproject.toml b/pyproject.toml
index c82aba3..4325945 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "maturin"
 
 [project]
 name = "cachekit"
-version = "0.1.0"
+version = "0.2.0"
 description = "Production-ready Redis caching for Python with intelligent reliability features"
 readme = "README.md"
 license = {text = "MIT"}
diff --git a/rust/Cargo.toml b/rust/Cargo.toml
index a3aae7a..ff063ea 100644
--- a/rust/Cargo.toml
+++ b/rust/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "cachekit-rs"
-version = "0.1.0"
+version = "0.2.0"
 edition = "2024"
 authors = ["cachekit Contributors"]
 description = "High-performance storage engine for caching with compression and encryption"
diff --git a/src/cachekit/__init__.py b/src/cachekit/__init__.py
index 43a06ad..b990b0c 100644
--- a/src/cachekit/__init__.py
+++ b/src/cachekit/__init__.py
@@ -62,7 +62,7 @@ def custom_function():
     ```
 """
 
-__version__ = "0.1.0"
+__version__ = "0.2.0"
 
 from typing import Any, Callable, TypeVar