diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index c74a2d56c8..486c1c369c 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 71.0.4
+current_version = 71.1.0
 commit = True
 tag = True
 
diff --git a/NEWS.rst b/NEWS.rst
index 9065b038b7..9fbcf41427 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,20 @@
+v71.1.0
+=======
+
+Features
+--------
+
+- Added return types to typed public functions -- by :user:`Avasam`
+
+  Marked `pkg_resources` as ``py.typed`` -- by :user:`Avasam` (#4409)
+
+
+Misc
+----
+
+- #4492
+
+
 v71.0.4
 =======
 
diff --git a/newsfragments/4409.feature.rst b/newsfragments/4409.feature.rst
deleted file mode 100644
index 9dd157092c..0000000000
--- a/newsfragments/4409.feature.rst
+++ /dev/null
@@ -1,3 +0,0 @@
-Added return types to typed public functions -- by :user:`Avasam`
-
-Marked `pkg_resources` as ``py.typed`` -- by :user:`Avasam`
diff --git a/newsfragments/4492.misc.rst b/newsfragments/4492.misc.rst
deleted file mode 100644
index 9da07e43f9..0000000000
--- a/newsfragments/4492.misc.rst
+++ /dev/null
@@ -1 +0,0 @@
-Now backports in ``core`` dependencies are installed only on Python versions requiring them.
diff --git a/pyproject.toml b/pyproject.toml
index 717431bd81..2d8d49d184 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -5,7 +5,7 @@ backend-path = ["."]
 
 [project]
 name = "setuptools"
-version = "71.0.4"
+version = "71.1.0"
 authors = [
 	{ name = "Python Packaging Authority", email = "distutils-sig@python.org" },
 ]