diff --git a/CMakeLists.txt b/CMakeLists.txt
index 4d44f80a1..84b5fe76e 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -8,7 +8,7 @@ endif()
 
 project(OSRM C CXX)
 set(OSRM_VERSION_MAJOR 5)
-set(OSRM_VERSION_MINOR 0)
+set(OSRM_VERSION_MINOR 1)
 set(OSRM_VERSION_PATCH 0)
 
 set(CMAKE_EXPORT_COMPILE_COMMANDS ON)
diff --git a/docs/releasing.md b/docs/releasing.md
new file mode 100644
index 000000000..fddf19753
--- /dev/null
+++ b/docs/releasing.md
@@ -0,0 +1,27 @@
+# Releasing a new OSRM version
+
+## Major or Minor release x.y
+
+Do decide if this is a major or minor version bump use: http://semver.org/
+
+1. Make sure all tests are passing (e.g. Travis CI gives you a :thumbs_up:)
+2. Make sure `CHANGELOG.md` is up to date.
+3. Make sure the OSRM version in `CMakeLists.txt` is up to date
+4. Use an annotated tag to mark the release: `git tag vx.y.0 -a` Body of the tag description should be the changelog entries.
+5. Push tags and commits: `git push; git push --tags`
+6. Branch of the `vx.y.0` tag to create a release branch `x.y`:
+   `git branch x.y. vx.y.0; git push -u x.y:origin/x.y`
+7. Modify `.travis.yml` to allow builds for the `x.y` branch.
+8. Write a mailing-list post to osrm-talk@openstreetmap.org to announce the release
+
+## Patch release x.y.z
+
+1. Check out the appropriate release branch x.y
+2. Make sure all fixes are listed in the changelog and included in the branch
+3. Make sure all tests are passing (e.g. Travis CI gives you a :thumbs_up:)
+4. Make sure the OSRM version in `CMakeLists.txt` is up to date
+5. Use an annotated tag to mark the release: `git tag vx.y.z -a` Body of the tag description should be the changelog entries.
+6. Push tags and commits: `git push; git push --tags`
+7. Proceede with the `node-osrm` release as outlined in the repository.
+8. Write a mailing-list post to osrm-talk@openstreetmap.org to announce the release
+