diff --git a/RELEASE.md b/RELEASE.md
index 849529169..6c96aeba2 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -1,3 +1,21 @@
+# Release 0.2.0
+
+## Major Features
+* `tensorflow_io.arrow`: Apache Arrow Datasets.
+* `tensorflow_io.image`: WebP image Dataset.
+* `tensorflow_io.libsvm`: LIBSVM Dataset.
+* `tensorflow_io.parquet`: Apache Parquet Dataset.
+* `tensorflow_io.video`: Video Dataset (from FFmpeg).
+
+## Thanks to our Contributors
+
+This release contains contributions from many people:
+
+Anton Dmitriev, Bryan Cutler, Peng Yu, Yong Tang, Yuan (Terry) Tang
+
+We are also grateful to all who filed issues or helped resolve them, asked and
+answered questions, and were part of inspiring discussions.
+
 # Release 0.1.0
 
 Initial release of TensorFlow I/O.
diff --git a/setup.py b/setup.py
index 825ffb27f..26eb43ad7 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@
 from setuptools import setup
 from setuptools.dist import Distribution
 
-__version__ = '0.1.0'
+__version__ = '0.2.0'
 REQUIRED_PACKAGES = [
     'tensorflow == 1.12.0',
 ]