diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3727714b0c..40ef53dcd2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # PowerShell Extension Release History
 
+## v2022.7.2-preview
+### Tuesday, July 26, 2022
+
+#### [vscode-powershell](https://github.com/PowerShell/vscode-powershell)
+
+- ✨ 💭 [vscode-powershell #4093](https://github.com/PowerShell/vscode-powershell/pull/4093) - Change `storageUri` to `globalStorageUri` for log and session files.
+
+#### [PowerShellEditorServices](https://github.com/PowerShell/PowerShellEditorServices) v3.4.7
+
+No changes.
+
 ## v2022.7.1-preview
 ### Monday, July 25, 2022
 
diff --git a/package.json b/package.json
index 061a1f030b..ad74752d3f 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "powershell-preview",
   "displayName": "PowerShell Preview",
-  "version": "2022.7.1",
+  "version": "2022.7.2",
   "preview": true,
   "publisher": "ms-vscode",
   "description": "(Preview) Develop PowerShell modules, commands and scripts in Visual Studio Code!",
diff --git a/tools/ReleaseTools.psm1 b/tools/ReleaseTools.psm1
index b378056b56..29f62e835f 100644
--- a/tools/ReleaseTools.psm1
+++ b/tools/ReleaseTools.psm1
@@ -252,7 +252,7 @@ function Update-Changelog {
                 ""
                 $Bullets
                 ""
-                "#### [PowerShellEditorServices](https://github.com/PowerShell/PowerShellEditorServices)"
+                "#### [PowerShellEditorServices](https://github.com/PowerShell/PowerShellEditorServices) v$(Get-Version -RepositoryName PowerShellEditorServices)"
                 ""
                 (Get-FirstChangelog -RepositoryName "PowerShellEditorServices").Where({ $_.StartsWith("- ") }, "SkipUntil")
             )
@@ -416,7 +416,7 @@ function New-ReleasePR {
 
 <#
 .SYNOPSIS
-  Kicks off the whole release process.
+  Kicks off the whole release process for one of the repositories.
 .DESCRIPTION
   This first updates the changelog (which creates and checks out the `release`
   branch), commits the changes, updates the version (and commits), pushes the
@@ -432,6 +432,28 @@ function New-ReleasePR {
   assets to the marketplace and gallery.
 #>
 function New-Release {
+    [CmdletBinding(SupportsShouldProcess)]
+    param(
+        [Parameter(Mandatory)]
+        [ValidateSet([RepoNames])]
+        [string]$RepositoryName,
+
+        [Parameter(Mandatory)]
+        [ValidateScript({ $_.StartsWith("v") })]
+        [string]$Version
+    )
+    Update-Changelog -RepositoryName $RepositoryName -Version $Version
+    Update-Version -RepositoryName $RepositoryName
+    New-ReleasePR -RepositoryName $RepositoryName
+}
+
+<#
+.SYNOPSIS
+  Kicks off the whole release process for both repositories.
+.DESCRIPTION
+  This just simplifies the calling of `New-Release` for both repositories.
+#>
+function New-ReleaseBundle {
     [CmdletBinding(SupportsShouldProcess)]
     param(
         [Parameter(Mandatory)]
@@ -447,9 +469,7 @@ function New-Release {
             "PowerShellEditorServices" { $PsesVersion }
             "vscode-powershell" { $VsceVersion }
         }
-        Update-Changelog -RepositoryName $_ -Version $Version
-        Update-Version -RepositoryName $_
-        New-ReleasePR -RepositoryName $_
+        New-Release -RepositoryName $_ -Version $Version
     }
 }