diff --git a/.github/.release-please-manifest.json b/.github/.release-please-manifest.json
index 345590a..bd110ac 100644
--- a/.github/.release-please-manifest.json
+++ b/.github/.release-please-manifest.json
@@ -1,6 +1,6 @@
 {
-  ".": "2.48.0",
-  "plugins/compound-engineering": "2.48.0",
+  ".": "2.49.0",
+  "plugins/compound-engineering": "2.49.0",
   "plugins/coding-tutor": "1.2.1",
   ".claude-plugin": "1.0.2",
   ".cursor-plugin": "1.0.1"
diff --git a/CHANGELOG.md b/CHANGELOG.md
index e0d8bea..70ad8b1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## [2.49.0](https://github.com/EveryInc/compound-engineering-plugin/compare/cli-v2.48.0...cli-v2.49.0) (2026-03-22)
+
+
+### Features
+
+* add execution mode toggle and context pressure bounds to parallel skills ([#336](https://github.com/EveryInc/compound-engineering-plugin/issues/336)) ([216d6df](https://github.com/EveryInc/compound-engineering-plugin/commit/216d6dfb2c9320c3354f8c9f30e831fca74865cd))
+* fix skill transformation pipeline across all targets ([#334](https://github.com/EveryInc/compound-engineering-plugin/issues/334)) ([4087e1d](https://github.com/EveryInc/compound-engineering-plugin/commit/4087e1df82138f462a64542831224e2718afafa7))
+* improve reproduce-bug skill, sync agent-browser, clean up redundant skills ([#333](https://github.com/EveryInc/compound-engineering-plugin/issues/333)) ([affba1a](https://github.com/EveryInc/compound-engineering-plugin/commit/affba1a6a0d9320b529d429ad06fd5a3b5200bd8))
+
+
+### Bug Fixes
+
+* gitignore .context/ directory for Conductor ([#331](https://github.com/EveryInc/compound-engineering-plugin/issues/331)) ([0f6448d](https://github.com/EveryInc/compound-engineering-plugin/commit/0f6448d81cbc47e66004b4ecb8fb835f75aeffe2))
+
 ## [2.48.0](https://github.com/EveryInc/compound-engineering-plugin/compare/cli-v2.47.0...cli-v2.48.0) (2026-03-22)
 
 
diff --git a/package.json b/package.json
index 26cec07..bbf01d0 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@every-env/compound-plugin",
-  "version": "2.48.0",
+  "version": "2.49.0",
   "type": "module",
   "private": false,
   "bin": {
diff --git a/plugins/compound-engineering/.claude-plugin/plugin.json b/plugins/compound-engineering/.claude-plugin/plugin.json
index 62b07b0..51a80ba 100644
--- a/plugins/compound-engineering/.claude-plugin/plugin.json
+++ b/plugins/compound-engineering/.claude-plugin/plugin.json
@@ -1,6 +1,6 @@
 {
   "name": "compound-engineering",
-  "version": "2.48.0",
+  "version": "2.49.0",
   "description": "AI-powered development tools for code review, research, design, and workflow automation.",
   "author": {
     "name": "Kieran Klaassen",
diff --git a/plugins/compound-engineering/.cursor-plugin/plugin.json b/plugins/compound-engineering/.cursor-plugin/plugin.json
index 3d78ba8..d6338ca 100644
--- a/plugins/compound-engineering/.cursor-plugin/plugin.json
+++ b/plugins/compound-engineering/.cursor-plugin/plugin.json
@@ -1,7 +1,7 @@
 {
   "name": "compound-engineering",
   "displayName": "Compound Engineering",
-  "version": "2.48.0",
+  "version": "2.49.0",
   "description": "AI-powered development tools for code review, research, design, and workflow automation.",
   "author": {
     "name": "Kieran Klaassen",
diff --git a/plugins/compound-engineering/CHANGELOG.md b/plugins/compound-engineering/CHANGELOG.md
index 7aee810..c394ed5 100644
--- a/plugins/compound-engineering/CHANGELOG.md
+++ b/plugins/compound-engineering/CHANGELOG.md
@@ -9,6 +9,15 @@ All notable changes to the compound-engineering plugin will be documented in thi
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [2.49.0](https://github.com/EveryInc/compound-engineering-plugin/compare/compound-engineering-v2.48.0...compound-engineering-v2.49.0) (2026-03-22)
+
+
+### Features
+
+* add execution mode toggle and context pressure bounds to parallel skills ([#336](https://github.com/EveryInc/compound-engineering-plugin/issues/336)) ([216d6df](https://github.com/EveryInc/compound-engineering-plugin/commit/216d6dfb2c9320c3354f8c9f30e831fca74865cd))
+* fix skill transformation pipeline across all targets ([#334](https://github.com/EveryInc/compound-engineering-plugin/issues/334)) ([4087e1d](https://github.com/EveryInc/compound-engineering-plugin/commit/4087e1df82138f462a64542831224e2718afafa7))
+* improve reproduce-bug skill, sync agent-browser, clean up redundant skills ([#333](https://github.com/EveryInc/compound-engineering-plugin/issues/333)) ([affba1a](https://github.com/EveryInc/compound-engineering-plugin/commit/affba1a6a0d9320b529d429ad06fd5a3b5200bd8))
+
 ## [2.48.0](https://github.com/EveryInc/compound-engineering-plugin/compare/compound-engineering-v2.47.0...compound-engineering-v2.48.0) (2026-03-22)