diff --git a/docs/project.json b/docs/project.json
index e2e1b3f2c..9e81a08f8 100644
--- a/docs/project.json
+++ b/docs/project.json
@@ -1 +1 @@
-{ "name": "nemo-guardrails-toolkit", "version": "0.15.0" }
+{ "name": "nemo-guardrails-toolkit", "version": "0.16.0" }
diff --git a/docs/release-notes.md b/docs/release-notes.md
index 0ec999959..d6a03d0fc 100644
--- a/docs/release-notes.md
+++ b/docs/release-notes.md
@@ -12,6 +12,25 @@ The following sections summarize and highlight the changes for each release.
 For a complete record of changes in a release, refer to the
 [CHANGELOG.md](https://github.com/NVIDIA/NeMo-Guardrails/blob/develop/CHANGELOG.md) in the GitHub repository.
 
+(v0-16-0)=
+
+## 0.16.0
+
+(v0-16-0-features)=
+
+### Key Features
+
+- Enhanced tracing system with [OpenTelemetry semantic conventions](https://opentelemetry.io/docs/specs/semconv/gen-ai/). To learn more, refer to [](tracing). For usage examples, refer to the following notebooks
+  - [Tracing Guardrails Quickstart](https://github.com/NVIDIA/NeMo-Guardrails/tree/develop/docs/getting-started/8-tracing/1_tracing_quickstart.ipynb)
+  - [Tracing Guardrails with Jaeger](https://github.com/NVIDIA/NeMo-Guardrails/tree/develop/docs/getting-started/8-tracing/2_tracing_with_jaeger.ipynb)
+- Community integration with [GuardrailsAI](https://www.guardrailsai.com/) and [Pangea AI Guard](https://pangea.cloud/services/ai-guard).
+
+(v0-16-0-other-changes)=
+
+### Other Changes
+
+- Added documentation about using KV cache reuse for LLM-based NemoGuard NIMs. By using KV cache reuse, you can improve the performance of LLM-based NemoGuard NIMs where the system prompt is the same for all calls up to the point where user query and LLM response are injected. To learn more, refer to [](kv-cache-reuse).
+
 (v0-15-0)=
 
 ## 0.15.0
diff --git a/docs/user-guides/advanced/kv-cache-reuse.md b/docs/user-guides/advanced/kv-cache-reuse.md
index 8f52ba969..221ba0618 100644
--- a/docs/user-guides/advanced/kv-cache-reuse.md
+++ b/docs/user-guides/advanced/kv-cache-reuse.md
@@ -1,3 +1,5 @@
+(kv-cache-reuse)=
+
 # KV Cache Reuse for NemoGuard NIM
 
 When you configure NeMo Guardrails to call NemoGuard NIMs in response to a client request, every NIM call interjecting the input and response adds to the inference latency.
diff --git a/docs/versions1.json b/docs/versions1.json
index ef9054100..64f8c008f 100644
--- a/docs/versions1.json
+++ b/docs/versions1.json
@@ -1,6 +1,10 @@
 [
     {
         "preferred": true,
+        "version": "0.16.0",
+        "url": "../0.16.0/"
+    },
+    {
         "version": "0.15.0",
         "url": "../0.15.0/"
     },