diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1adaea1..8f4db3f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 # Changelog
 
+## [1.0.1] - 2025-08-15
+
+### Changed
+- **Description Update**: Changed package description to "ollama-style CLI for MLX models on Apple Silicon"
+
 ## [1.0.0] - 2025-08-15
 
 ### Changed
diff --git a/README.md b/README.md
index f8a6c8f..37ece50 100644
--- a/README.md
+++ b/README.md
@@ -8,7 +8,7 @@ A lightweight, ollama-like CLI for managing and running MLX models on Apple Sili
 
 > **Note**: MLX Knife is designed as a command-line interface tool only. While some internal functions are accessible via Python imports, only CLI usage is officially supported.
 
-**Current Version**: 1.0.0 (August 2025)
+**Current Version**: 1.0.1 (August 2025)
 
 [![GitHub Release](https://img.shields.io/github/v/release/mzau/mlx-knife)](https://github.com/mzau/mlx-knife/releases)
 [![License: MIT](https://img.shields.io/badge/License-MIT-yellow.svg)](https://opensource.org/licenses/MIT)
diff --git a/SECURITY.md b/SECURITY.md
index 5214828..7bbae0d 100644
--- a/SECURITY.md
+++ b/SECURITY.md
@@ -98,7 +98,7 @@ mlxk server --host 0.0.0.0 --port 8000
 
 | Version | Supported          |
 | ------- | ------------------ |
-| 1.0.0   | :white_check_mark: |
+| 1.0.1   | :white_check_mark: |
 | < 1.0   | :x:                |
 
 ## Additional Resources
diff --git a/TESTING.md b/TESTING.md
index 7fbe200..acb4a49 100644
--- a/TESTING.md
+++ b/TESTING.md
@@ -141,7 +141,7 @@ pytest --durations=10
 pytest -n auto
 ```
 
-## Test Results Summary (1.0.0)
+## Test Results Summary (1.0.1)
 
 ### ✅ Current Test Status (August 2025)
 
@@ -173,7 +173,7 @@ Total Tests: 104/104 passing (100% ✅)
 ## Python Version Compatibility
 
 ### Compatibility Status
-MLX Knife 1.0.0 is fully compatible with Python 3.9-3.13. Comprehensive verification completed with 104/104 tests passing on all supported versions.
+MLX Knife 1.0.1 is fully compatible with Python 3.9-3.13. Comprehensive verification completed with 104/104 tests passing on all supported versions.
 
 ### Manual Multi-Python Testing
 
@@ -346,7 +346,7 @@ When submitting PRs, please include:
 
 ## Summary
 
-**MLX Knife 1.0.0 Testing Status:**
+**MLX Knife 1.0.1 Testing Status:**
 
 ✅ **Production Ready** - 104/104 tests passing  
 ✅ **Multi-Python Support** - Python 3.9-3.13 verified  
diff --git a/mlx_knife/__init__.py b/mlx_knife/__init__.py
index 8349dbe..c6aee7a 100644
--- a/mlx_knife/__init__.py
+++ b/mlx_knife/__init__.py
@@ -4,15 +4,15 @@ A lightweight, ollama-like CLI for managing and running MLX models on Apple Sili
 Provides native MLX execution with streaming output and interactive chat capabilities.
 """
 
-__version__ = "1.0.0"
+__version__ = "1.0.1"
 __author__ = "The BROKE team"
 __email__ = "broke@gmx.eu"
 __license__ = "MIT"
-__description__ = "HuggingFace-style cache management for MLX models"
+__description__ = "ollama-style CLI for MLX models on Apple Silicon"
 __url__ = "https://github.com/mzau/mlx-knife"
 
 # Version tuple for programmatic access (major, minor, patch)
-VERSION = (1, 0, 0)  # Simplified for now
+VERSION = (1, 0, 1)  # Simplified for now
 
 # Core functionality imports
 from .cache_utils import (
diff --git a/pyproject.toml b/pyproject.toml
index 7766ad3..3207f9b 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -5,7 +5,7 @@ build-backend = "setuptools.build_meta"
 [project]
 name = "mlx-knife"
 dynamic = ["version"]
-description = "HuggingFace-style cache management for MLX models"
+description = "ollama-style CLI for MLX models on Apple Silicon"
 readme = "README.md"
 requires-python = ">=3.9"
 license = {text = "MIT"}