diff --git a/releaseNote.md b/releaseNote.md
index 7bbd49af9dc..067b48bd66c 100644
--- a/releaseNote.md
+++ b/releaseNote.md
@@ -1,28 +1,20 @@
 ## What's Changed
-* Load '_runnerSettings' in the early point of JobRunner.cs by @TingluoHuang in https://github.com/actions/runner/pull/3218
-* Add new SessionConflict return code by @eeSquared in https://github.com/actions/runner/pull/3215
-* backoff if we retried polling for more than 50 times in less than 30minutes by @aiqiaoy in https://github.com/actions/runner/pull/3232
-* Update dotnet sdk to latest version @6.0.421 by @github-actions in https://github.com/actions/runner/pull/3244
-* Cleanup enabled feature flags. by @TingluoHuang in https://github.com/actions/runner/pull/3246
-* Relax the condition to stop uploading to Results by @yacaovsnc in https://github.com/actions/runner/pull/3230
-* Cleanup enabled feature flags. by @TingluoHuang in https://github.com/actions/runner/pull/3248
-* Replace invalid file name chars in diag log name by @ericsciple in https://github.com/actions/runner/pull/3249
 
-## New Contributors
-* @eeSquared made their first contribution in https://github.com/actions/runner/pull/3215
-* @aiqiaoy made their first contribution in https://github.com/actions/runner/pull/3232
+- Preserve dates when deserializing job message from Run Service by @ericsciple in https://github.com/actions/runner/pull/3269
 
-**Full Changelog**: https://github.com/actions/runner/compare/v2.315.0...v2.316.0
+**Full Changelog**: https://github.com/actions/runner/compare/v2.316.0...v2.316.1
 
 _Note: Actions Runner follows a progressive release policy, so the latest release might not be available to your enterprise, organization, or repository yet.
 To confirm which version of the Actions Runner you should expect, please view the download instructions for your enterprise, organization, or repository.
 See https://docs.github.com/en/enterprise-cloud@latest/actions/hosting-your-own-runners/adding-self-hosted-runners_
 
 ## Windows x64
+
 We recommend configuring the runner in a root folder of the Windows drive (e.g. "C:\actions-runner"). This will help avoid issues related to service identity folder permissions and long file path restrictions on Windows.
 
 The following snipped needs to be run on `powershell`:
-``` powershell
+
+```powershell
 # Create a folder under the drive root
 mkdir \actions-runner ; cd \actions-runner
 # Download the latest runner package
@@ -33,12 +25,14 @@ Add-Type -AssemblyName System.IO.Compression.FileSystem ;
 ```
 
 ## [Pre-release] Windows arm64
+
 **Warning:** Windows arm64 runners are currently in preview status and use [unofficial versions of nodejs](https://unofficial-builds.nodejs.org/). They are not intended for production workflows.
 
 We recommend configuring the runner in a root folder of the Windows drive (e.g. "C:\actions-runner"). This will help avoid issues related to service identity folder permissions and long file path restrictions on Windows.
 
 The following snipped needs to be run on `powershell`:
-``` powershell
+
+```powershell
 # Create a folder under the drive root
 mkdir \actions-runner ; cd \actions-runner
 # Download the latest runner package
@@ -50,7 +44,7 @@ Add-Type -AssemblyName System.IO.Compression.FileSystem ;
 
 ## OSX x64
 
-``` bash
+```bash
 # Create a folder
 mkdir actions-runner && cd actions-runner
 # Download the latest runner package
@@ -61,7 +55,7 @@ tar xzf ./actions-runner-osx-x64-<RUNNER_VERSION>.tar.gz
 
 ## OSX arm64 (Apple silicon)
 
-``` bash
+```bash
 # Create a folder
 mkdir actions-runner && cd actions-runner
 # Download the latest runner package
@@ -72,7 +66,7 @@ tar xzf ./actions-runner-osx-arm64-<RUNNER_VERSION>.tar.gz
 
 ## Linux x64
 
-``` bash
+```bash
 # Create a folder
 mkdir actions-runner && cd actions-runner
 # Download the latest runner package
@@ -83,7 +77,7 @@ tar xzf ./actions-runner-linux-x64-<RUNNER_VERSION>.tar.gz
 
 ## Linux arm64
 
-``` bash
+```bash
 # Create a folder
 mkdir actions-runner && cd actions-runner
 # Download the latest runner package
@@ -94,7 +88,7 @@ tar xzf ./actions-runner-linux-arm64-<RUNNER_VERSION>.tar.gz
 
 ## Linux arm
 
-``` bash
+```bash
 # Create a folder
 mkdir actions-runner && cd actions-runner
 # Download the latest runner package
@@ -104,6 +98,7 @@ tar xzf ./actions-runner-linux-arm-<RUNNER_VERSION>.tar.gz
 ```
 
 ## Using your self hosted runner
+
 For additional details about configuring, running, or shutting down the runner please check out our [product docs.](https://help.github.com/en/actions/automating-your-workflow-with-github-actions/adding-self-hosted-runners)
 
 ## SHA-256 Checksums
diff --git a/src/runnerversion b/src/runnerversion
index ce7c32e00ce..ad3450ba108 100644
--- a/src/runnerversion
+++ b/src/runnerversion
@@ -1 +1 @@
-2.316.0
+2.316.1