diff --git a/mongo-extensions.gemspec b/mongo-extensions.gemspec
index 39a6aaa..2c53eeb 100644
--- a/mongo-extensions.gemspec
+++ b/mongo-extensions.gemspec
@@ -7,7 +7,7 @@ TEST_FILES = []
 
 Gem::Specification.new do |s|
   s.name = 'mongo_ext'
-  s.version = '0.2'
+  s.version = '0.3'
   s.platform = Gem::Platform::RUBY
   s.summary = 'C extensions for the MongoDB Ruby driver'
   s.description = 'C extensions to accelerate the MondoDB Ruby driver. For more information about Mongo, see http://www.mongodb.org.'