diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2651ac999..16aa4c285 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,95 @@
 # Changelog
 
+## Release 2.7.0 (2022-02-26)
+
+### Major Additions
+- Implement KDBX 4.1 [#7114]
+- Add direct write save option for cloud storage and GVFS [#6594]
+- Prevent screen capture on Windows and macOS [#6030]
+- Support quick unlock using Windows Hello [#7384]
+- Support quick unlock using Apple Watch [#5526]
+- Allow specifying database backup paths [#7035]
+- Add tag functionality [#6487][#7436][#7446]
+- Add password rating column to entry view [#4797]
+- Add group clone action [#6124]
+- Show modifications between entry history items [#6789]
+- Ability to bulk-delete and purge unused custom icons [#5970]
+- Support adding custom passphrase wordlists [#6799]
+- Support passphrase wordlists in numbered and PGP-signed formats [#6791]
+- Implement support for hardware keys via wireless NFC [#6895]
+- SSH Agent: Add support for OpenSSH 8.2 FIDO/U2F keys [#6371]
+- CLI: Implement attachment handling [#5538]
+- CLI: Add support for okon in offline HIBP checks [#5478]
+- CLI: Implement `search` command and remove `locate` [#6805]
+- CLI: Add db statistic output to `db-info` command [#7032]
+- CLI: Add -i/--include option to `generate` command. [#7112]
+- CLI: Add a -n (--notes) option to `add` and `edit` commands [#4646]
+- CLI: Add keyfile option to `import` command [#5402]
+- CLI: Adding a best option to clip to copy a password of the best match [#4489]
+- Browser: Add Microsoft Edge support on Linux [#7100]
+- Browser: Support native password generator from the extension [#6529]
+- Browser: Add group settings [#4180]
+- Browser: Add feature to ignore entries for HTTP-Auth Logins [#5394]
+- Browser: Support triggering Auto-Type from browser extension [#6272]
+- Browser: Add delete-entry command to API [#6899]
+- Browser: Add search 'by-path' url to API [#5535]
+- Browser: search for entries by UUID to API [#4763]
+- Browser: Support auto-download of favicon on entry addition [#7179]
+- Auto-Type: Major improvements to Auto-Type [#5864][#7463][#7435][#7391][#7129][#6400][#6364][#6361][#5283]
+- Auto-Type: Fix typing to virtual machines on Windows [#7366]
+- Auto-Type: Re-implement X11 keysym emulation [#7098]
+- Auto-Type: Support multiple Xkb layouts [#6247]
+- Auto-Type: Abort keystroke if modifiers held on X11 [#6351][#6357]
+- Auto-Type: Add TOTP option to entry level Auto-Type menu [#6675]
+- FdoSecrets: Major Refactor and Code Consolidation [#5747][#5660][#7043][#6915]
+- FdoSecrets: Implement unlock before search [#6943]
+- Reports: Add browser statistics report [#7197]
+
+### Major Changes
+- Port crypto backend to [Botan](https://github.com/randombit/botan) [#6209]
+- Improve attachment handling and security [#6606][#5034][#7083]
+- Allow selecting any open database in unlock dialog [#5427]
+- KeeShare: Remove checking signed container and QuaZip dependency [#7223]
+- Introduce security option to enable copy on double click (default off) [#6433]
+- Add 'delete entry without confirm' functionality [#5812]
+- Improve macOS and Windows platform integration [#5851]
+- Lock only the current database by default [#6652]
+- Show expired entries on DB unlock [#7290]
+
+### Other Changes and Fixes
+- Add countdown progress bar to TOTP preview [#6930]
+- Enter favicon url directly on icons page [#6614]
+- Set C++17 as standard in the build system [#7180]
+- Internalize ykcore into code base [#6654]
+- Transition to Visual Studio builds on Windows [#5874]
+- Ability to delete entries from health check reports [#6537]
+- Enhance remembering last-used directories [#6711]
+- Implement org.freedesktop.appearance.color-scheme support on Linux [#7422]
+- Support sorting HTML export [#7011]
+- Add display number of characters in passphrases [#5449]
+- Use Alt+Tab on macOS to switch between databases [#5407]
+- Add feature to sort groups using shortcut keys [#6999]
+- Add CTRL+Enter to apply password generator changes [#6414]
+- Display `Database created` timestamp on statistics report [#6876]
+- Browser: Improve best matching credentials setting [#6893]
+- SSH Agent: Use both Pageant and OpenSSH agent simultaneously on Windows [#6288]
+- SSH Agent: Allow using database path to resolve keys [#6365]
+- SSH Agent: Show correct error messages in main window [#7166]
+- Multiple fixes for MSI installer [#6630]
+- Fix tab order for CSV import dialog to match screen order [#7315]
+- Don't mark kdbx:// urls as invalid [#7221]
+- Make selected text copyable instead of copying password [#7209]
+- Detect timestamp resolution for CSV files [#7196]
+- Fix crash while downloading favicon [#7104]
+- Correct naming of newly generated keyx files [#7010]
+- Place the 'Recycle Bin' at the bottom of the list when groups are sorted [#7004]
+- Handle tilde with custom browser paths [#6659]
+- Don't scroll up when deleting an entry [#6833]
+- Set the MIME-Type to text/plain when using wl-copy on wayland [#6832]
+- Fix adaptive icon painting [#5989][#6033]
+- Fix favicon download from URL with non-standard port [#5509]
+- Ignore recycle bin on KeePassHTTP migration [#5481]
+
 ## 2.6.6 (2021-06-12)
 
 ### Fixed
diff --git a/release-tool.ps1 b/release-tool.ps1
index 640742adb..1c0647a60 100644
--- a/release-tool.ps1
+++ b/release-tool.ps1
@@ -333,8 +333,6 @@ if ($Merge) {
     Write-Host "Please merge the release branch back into the develop branch now and then push your changes."
     Write-Host "Don't forget to also push the tags using 'git push --tags'."
 } elseif ($Build) {
-    $OutDir = (Resolve-Path $OutDir).Path
-    $BuildDir = "$OutDir\build-release"
     $Vcpkg = (Resolve-Path $Vcpkg).Path
 
     # Find Visual Studio and establish build environment
@@ -372,6 +370,9 @@ if ($Merge) {
 
     # Create directories
     New-Item "$OutDir" -ItemType Directory -Force | Out-Null
+    $OutDir = (Resolve-Path $OutDir).Path
+
+    $BuildDir = "$OutDir\build-release"
     New-Item "$BuildDir" -ItemType Directory -Force | Out-Null
 
     # Enter build directory