diff --git a/CHANGELOG.md b/CHANGELOG.md
index 25c17d987..71d939b1d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,13 @@
 
 [1]: https://www.npmjs.com/package/release-please?activeTab=versions
 
+## [16.3.0](https://github.com/googleapis/release-please/compare/v16.2.0...v16.3.0) (2023-11-10)
+
+
+### Features
+
+* **deps:** Refactor node-workspace plugin to drop lerna-lite/core ([#2117](https://github.com/googleapis/release-please/issues/2117)) ([65fa72e](https://github.com/googleapis/release-please/commit/65fa72eb2f7931768d6aae5a45f04f037fe4f06a))
+
 ## [16.2.0](https://github.com/googleapis/release-please/compare/v16.1.0...v16.2.0) (2023-11-08)
 
 
diff --git a/package-lock.json b/package-lock.json
index 02349b0b4..004d23dcd 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "release-please",
-  "version": "16.2.0",
+  "version": "16.3.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "release-please",
-      "version": "16.2.0",
+      "version": "16.3.0",
       "license": "Apache-2.0",
       "dependencies": {
         "@conventional-commits/parser": "^0.4.1",
diff --git a/package.json b/package.json
index 92de356df..5d07f8bbd 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "release-please",
-  "version": "16.2.0",
+  "version": "16.3.0",
   "description": "generate release PRs based on the conventionalcommits.org spec",
   "main": "./build/src/index.js",
   "bin": "./build/src/bin/release-please.js",