diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6d57aac1..5ef02a42 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,15 @@
+1.33.0 / 2023-05-15
+==================
+
+New functionality and features
+------------------------------
+
+  * Add support for Search URL
+  * Add support for `target_asset_folder` API parameter
+  * Add support for expressions in `start_offset` and `end_offset`
+  * Add support for `extra_headers` option in Upload and Admin API
+  * Add support for `add_related_assets_by_asset_ids` and `delete_related_assets_by_asset_ids`
+
 1.32.0 / 2023-02-09
 ==================
 
diff --git a/cloudinary/__init__.py b/cloudinary/__init__.py
index 7746e365..ee688bf7 100644
--- a/cloudinary/__init__.py
+++ b/cloudinary/__init__.py
@@ -38,7 +38,7 @@
 URI_SCHEME = "cloudinary"
 API_VERSION = "v1_1"
 
-VERSION = "1.32.0"
+VERSION = "1.33.0"
 
 _USER_PLATFORM_DETAILS = "; ".join((platform(), "Python {}".format(python_version())))
 
diff --git a/setup.py b/setup.py
index 9dc16542..b5a2da8b 100644
--- a/setup.py
+++ b/setup.py
@@ -2,7 +2,7 @@
 
 from setuptools import find_packages, setup
 
-version = "1.32.0"
+version = "1.33.0"
 
 with open('README.md') as file:
     long_description = file.read()