diff --git a/README.md b/README.md
index 7348eb185..fdc3b73a6 100644
--- a/README.md
+++ b/README.md
@@ -1,7 +1,7 @@
 Flye assembler (successor of ABruijn)
 =====================================
 
-### Version: 2.3.3
+### Version: 2.3.4
 
 Flye is a de novo assembler for long and noisy reads, such as
 those produced by PacBio and Oxford Nanopore Technologies.
diff --git a/docs/NEWS.md b/docs/NEWS.md
index 785208488..e34f2cbc4 100644
--- a/docs/NEWS.md
+++ b/docs/NEWS.md
@@ -1,3 +1,8 @@
+Flye 2.3.4 (19 May 2018)
+========================
+* A fix for assemblies with low reads count
+* Polishing of large genomes is now 2-3x faster and requires less memory
+
 Flye 2.3.3 (27 Mar 2018)
 ========================
 * Automatic selection of minimum overlap parameter based on read length
diff --git a/flye/__version__.py b/flye/__version__.py
index ed5cc1722..4618fe650 100644
--- a/flye/__version__.py
+++ b/flye/__version__.py
@@ -1 +1 @@
-__version__ = "2.3.3"
+__version__ = "2.3.4"