diff --git a/RELEASES.md b/RELEASES.md
index 42d900de..540ecb58 100644
--- a/RELEASES.md
+++ b/RELEASES.md
@@ -1,5 +1,26 @@
 # Release Notes
 
+# Copilot for Obsidian - Release v3.2.1
+
+A patch release with search improvements and bug fixes.
+
+- **Improved vault search**: Better tag matching with hierarchical support (e.g. searching `#project` also matches `#project/alpha`) and a cleaner, faster search pipeline. (@loganyang)
+- **New in-chat indexing progress**: Indexing progress now shows as a card inside Copilot Chat with a progress bar and pause/resume/stop controls, instead of a popup notice. No more phantom re-indexing on mode switch. (@loganyang)
+
+### Bug Fixes
+
+- #2176 Fix ENAMETOOLONG error when Composer creates files with long names @logancyang
+- #2174 Fix insert/replace at cursor accidentally including agent reasoning blocks @logancyang
+- #2173 Fix phantom re-indexing on mode switch @logancyang
+- #2172 Fix search recall for tag queries and short terms @logancyang
+
+## Troubleshoot
+
+- If models are missing, navigate to Copilot settings -> Models tab and click "Refresh Built-in Models".
+- Please report any issue you see in the member channel!
+
+---
+
 # Copilot for Obsidian - Release v3.2.0 💪💪💪
 
 The first version of **Self-Host Mode** is finally here! You can simply toggle it on at the bottom of Plus settings, and **your reliance on the Copilot Plus backend is gone** (Believer required)!
diff --git a/manifest.json b/manifest.json
index 23916a32..dab81a50 100644
--- a/manifest.json
+++ b/manifest.json
@@ -1,7 +1,7 @@
 {
   "id": "copilot",
   "name": "Copilot",
-  "version": "3.2.0",
+  "version": "3.2.1",
   "minAppVersion": "0.15.0",
   "description": "Your AI Copilot: Chat with Your Second Brain, Learn Faster, Work Smarter.",
   "author": "Logan Yang",
diff --git a/package-lock.json b/package-lock.json
index eacf18fd..88f8d484 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "obsidian-copilot",
-  "version": "3.2.0",
+  "version": "3.2.1",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "obsidian-copilot",
-      "version": "3.2.0",
+      "version": "3.2.1",
       "license": "AGPL-3.0",
       "dependencies": {
         "@dnd-kit/core": "^6.3.1",
diff --git a/package.json b/package.json
index ac5df659..0e582d0d 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "obsidian-copilot",
-  "version": "3.2.0",
+  "version": "3.2.1",
   "description": "Your AI Copilot: Chat with Your Second Brain, Learn Faster, Work Smarter.",
   "main": "main.js",
   "scripts": {
diff --git a/versions.json b/versions.json
index e42852b9..82b26cce 100644
--- a/versions.json
+++ b/versions.json
@@ -100,5 +100,6 @@
   "3.1.3": "0.15.0",
   "3.1.4": "0.15.0",
   "3.1.5": "0.15.0",
-  "3.2.0": "0.15.0"
+  "3.2.0": "0.15.0",
+  "3.2.1": "0.15.0"
 }