diff --git a/docs/md/manual/releasenotes.md b/docs/md/manual/releasenotes.md
index bf316180..125c6474 100644
--- a/docs/md/manual/releasenotes.md
+++ b/docs/md/manual/releasenotes.md
@@ -15,6 +15,11 @@ To allow ProGuard to continue to optimize, obfuscate and shrink Kotlin generated
 
 - Add support for processing Kotlin 1.5 metadata. (`PGD-179`, `DGD-3467`)
 
+### Bug fixes
+
+- Fix potential `NullPointerException` when initializing Kotlin callable references. (`T5899`)
+- Prevent requiring `--enable-preview` on a JVM for Java 16 class files (write class file version `60.0` instead of `60.65535`).
+
 ## Version 7.1.1
 
 ### Miscellaneous
diff --git a/gradle.properties b/gradle.properties
index edb83d2b..5fb61129 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,7 +1,7 @@
 proguardVersion = 7.2.0-beta2
 
 # The version of ProGuardCORE that sub-projects are built with
-proguardCoreVersion = 8.0.0
+proguardCoreVersion = 8.0.1
 gsonVersion = 2.8.5
 kotlinVersion = 1.5.20
 kotlinxMetadataVersion = 0.2.0