diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 96a4813d5..d0b42ba86 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.6.2
+current_version = 0.6.3
 commit = True
 tag = True
 
diff --git a/docs/releases/v0.6.3.md b/docs/releases/v0.6.3.md
new file mode 100644
index 000000000..8f84f3eb5
--- /dev/null
+++ b/docs/releases/v0.6.3.md
@@ -0,0 +1,16 @@
+## Version 0.6.3
+
+This release includes updates to caching documentation and configuration, as well as improvements to the llamabot feature.
+
+### New Features
+
+- Enhanced caching documentation and configuration: Added a caching section in README.md for configuration and environment variable usage, and updated cache.py to set cache timeout based on an environment variable. (103b7af) (Eric Ma)
+- Updated model names and enhanced cache timeout: Added a comprehensive list of model names to ollama\_model\_names.txt, and set a default cache timeout of 1 day in cache.py. (3af5f09) (Eric Ma)
+
+### Bug Fixes
+
+No bug fixes in this release.
+
+### Deprecations
+
+No deprecations in this release.
diff --git a/llamabot/version.py b/llamabot/version.py
index 4cd26a41d..bef3456e0 100644
--- a/llamabot/version.py
+++ b/llamabot/version.py
@@ -1,3 +1,3 @@
 """Version information for llamabot."""
 
-version = "0.6.2"
+version = "0.6.3"
diff --git a/pyproject.toml b/pyproject.toml
index 4af43f98f..2de268390 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -62,7 +62,7 @@ namespaces = false
 
 [project]
 name = "llamabot"
-version = "0.6.2"
+version = "0.6.3"
 # Runtime dependencies below
 dependencies = [
     "openai",