diff --git a/Makefile b/Makefile
index ee85c151..122953bf 100644
--- a/Makefile
+++ b/Makefile
@@ -180,10 +180,10 @@ bump-version: ## Bump version number (usage: make bump-version VERSION=0.2.0)
 	@sed -i 's/^version = ".*"/version = "$(VERSION)"/' pyproject.toml
 	@# Update src/powermem/version.py
 	@sed -i 's/^__version__ = ".*"/__version__ = "$(VERSION)"/' src/powermem/version.py
-	@# Update src/powermem/core/telemetry.py (all occurrences)
-	@sed -i 's/"version": "0\.[0-9]\+\.[0-9]\+"/"version": "$(VERSION)"/g' src/powermem/core/telemetry.py
-	@# Update src/powermem/core/audit.py
-	@sed -i 's/"version": "0\.[0-9]\+\.[0-9]\+"/"version": "$(VERSION)"/g' src/powermem/core/audit.py
+	@# Update src/powermem/core/telemetry.py (all occurrences; match any x.y.z)
+	@sed -i 's/"version": "[0-9]\+\.[0-9]\+\.[0-9]\+"/"version": "$(VERSION)"/g' src/powermem/core/telemetry.py
+	@# Update src/powermem/core/audit.py (match any x.y.z)
+	@sed -i 's/"version": "[0-9]\+\.[0-9]\+\.[0-9]\+"/"version": "$(VERSION)"/g' src/powermem/core/audit.py
 	@echo "✓ Version updated to $(VERSION) in all files (excluding examples/)"
 	@echo ""
 	@echo "Updated files:"
diff --git a/pyproject.toml b/pyproject.toml
index d52aaec5..24b0f49b 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "powermem"
-version = "1.0.0"
+version = "1.0.1"
 description = "Intelligent Memory System - Persistent memory layer for LLM applications"
 readme = "README.md"
 license = {text = "Apache-2.0"}
diff --git a/src/powermem/core/audit.py b/src/powermem/core/audit.py
index 5e46c4cd..b93ca297 100644
--- a/src/powermem/core/audit.py
+++ b/src/powermem/core/audit.py
@@ -92,7 +92,7 @@ def log_event(
                 "user_id": user_id,
                 "agent_id": agent_id,
                 "details": details,
-                "version": "1.0.0",
+                "version": "1.0.1",
             }
             
             # Log to file
diff --git a/src/powermem/core/telemetry.py b/src/powermem/core/telemetry.py
index 401e3ffb..18a98354 100644
--- a/src/powermem/core/telemetry.py
+++ b/src/powermem/core/telemetry.py
@@ -82,7 +82,7 @@ def capture_event(
                 "user_id": user_id,
                 "agent_id": agent_id,
                 "timestamp": get_current_datetime().isoformat(),
-                "version": "1.0.0",
+                "version": "1.0.1",
             }
             
             self.events.append(event)
@@ -182,7 +182,7 @@ def set_user_properties(self, user_id: str, properties: Dict[str, Any]) -> None:
                 "properties": properties,
                 "user_id": user_id,
                 "timestamp": get_current_datetime().isoformat(),
-                "version": "1.0.0",
+                "version": "1.0.1",
             }
             
             self.events.append(event)
diff --git a/src/powermem/version.py b/src/powermem/version.py
index 26e854c1..4494f015 100644
--- a/src/powermem/version.py
+++ b/src/powermem/version.py
@@ -2,7 +2,7 @@
 Version information management
 """
 
-__version__ = "1.0.0"
+__version__ = "1.0.1"
 __version_info__ = tuple(map(int, __version__.split(".")))
 
 # Version history