diff --git a/CHANGELOG.md b/CHANGELOG.md
index f4ccc93b4..3eb5078d6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## v0.3.0
+
+- Change how modules are resolved. Imports and declaration file references are
+now resolved through TypeScript instead of being resolved through webpack's
+`resolve` API. This fixes a number of issues and better aligns the loader to
+work as a replacement for the `tsc` command. (#3, #4, #5)
+
 ## v0.2.3
 
 - Add noImplicitAny option (#2)
diff --git a/package.json b/package.json
index d7c709f52..d599eec4b 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "ts-loader",
-  "version": "0.2.3",
+  "version": "0.3.0",
   "description": "TypeScript loader for webpack",
   "main": "index.js",
   "scripts": {