diff --git a/CHANGELOG.md b/CHANGELOG.md
index 73608c480..c3dc1886b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,15 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 ### Changed
 
+## 1.0.54 - 2021-65-22
+
+### Added
+
+### Changed
+
+- fixes #408 uri format regexp is validating invalid URI. Thanks @vmaurin
+- fixes #406 Behavior change of $ref resolution. Thanks @FWiesner
+
 ## 1.0.53 - 2021-05-19
 
 ### Added
diff --git a/README.md b/README.md
index 1dd80c185..4d610fb8b 100644
--- a/README.md
+++ b/README.md
@@ -82,7 +82,7 @@ Maven:
 <dependency>
     <groupId>com.networknt</groupId>
     <artifactId>json-schema-validator</artifactId>
-    <version>1.0.53</version>
+    <version>1.0.54</version>
 </dependency>
 ```
 
@@ -90,7 +90,7 @@ Gradle:
 
 ```
 dependencies {
-    compile(group: "com.networknt", name: "json-schema-validator", version: "1.0.53");
+    compile(group: "com.networknt", name: "json-schema-validator", version: "1.0.54");
 }
 ```
 
diff --git a/pom.xml b/pom.xml
index 6c8fea9a5..3900a4788 100644
--- a/pom.xml
+++ b/pom.xml
@@ -20,7 +20,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>com.networknt</groupId>
     <artifactId>json-schema-validator</artifactId>
-    <version>1.0.53</version>
+    <version>1.0.54</version>
     <packaging>bundle</packaging>
     <description>A json schema validator that supports draft v4, v6, v7 and v2019-09</description>
     <url>https://github.com/networknt/json-schema-validator</url>