diff --git a/CHANGES.md b/CHANGES.md
@@ -1,19 +1,50 @@
 # Changelog
 
+<!--
+
+Note to self: Breaking changes must increment either
+
+- minor version: as long as versions are in 0.y.z or
+- major version: when versions are in in x.y.z (x>0)
+
+-->
+
+## 0.22.0 (2023-09-02)
+
+_**What's Changed**_
+
+> - _Breaking_:
+>   - API changes in `validators.ipv4` and `validators.ipv6` functions
+>     - `strict` parameter now correctly validates IP addresses strictly in CIDR notation
+>     - `host_bit` parameter distinguishes between network and host IP address
+
+- fix: url validator considers urls with /#/ as valid by @adrienthiery in [#289](https://github.com/python-validators/validators/pull/289)
+- Add note about ValidationFailure to ValidationError in changes.md by @tswfi in [#291](https://github.com/python-validators/validators/pull/291)
+- fix: simple hostname validation regex by @joe733 in [#294](https://github.com/python-validators/validators/pull/294)
+- fix: strict CIDR IP validation; bump version by @joe733 in [#295](https://github.com/python-validators/validators/pull/295)
+
+_**New Contributors**_
+
+- @adrienthiery made their first contribution in [#289](https://github.com/python-validators/validators/pull/289)
+- @tswfi made their first contribution in [#291](https://github.com/python-validators/validators/pull/291)
+
+**Full Changelog**: [`0.21.2...0.22.0`](https://github.com/python-validators/validators/compare/0.21.2...0.22.0)
+
 ## 0.21.2 (2023-08-07)
 
-### What's Changed
+_**What's Changed**_
+
+> - _Breaking_:
+>   - `ValidationFailure` renamed to `ValidationError` in [`joe733@12ae1f5`](https://github.com/joe733/pyvalidators/commit/12ae1f5850555d11e1f1a2c03f597fd10610215a)
 
-- feat: refactoring; updates; fixes; bump version by @joe733 in [#283](https://github.com/python-validators/validators/pull/283)
-- *Breaking Changes*:
-  - `ValidationFailure` renamed to `ValidationError` in [joe733@12ae1f5](https://github.com/joe733/pyvalidators/commit/12ae1f5850555d11e1f1a2c03f597fd10610215a)
+- feat: refactoring; updates; fixes; bump version by @joe733 in [#283](https://github.com/python-validators/validators/pull/283)(<https://github.com/joe733/pyvalidators/commit/12ae1f5850555d11e1f1a2c03f597fd10610215a>)
 - build(deps): bump pymdown-extensions from 9.11 to 10.0 by @dependabot in [#273](https://github.com/python-validators/validators/pull/273)
 - build(deps): bump requests from 2.28.2 to 2.31.0 by @dependabot in [#275](https://github.com/python-validators/validators/pull/275)
 - add validator ETH addresses (ERC20) by @msamsami in [#276](https://github.com/python-validators/validators/pull/276)
 - Added Country Code Validation by @aviiciii in [#280](https://github.com/python-validators/validators/pull/280)
 - build(deps-dev): bump certifi from 2022.12.7 to 2023.7.22 by @dependabot in [#281](https://github.com/python-validators/validators/pull/281)
 
-### New Contributors
+_**New Contributors**_
 
 - @dependabot made their first contribution in [#273](https://github.com/python-validators/validators/pull/273)
 - @msamsami made their first contribution in [#276](https://github.com/python-validators/validators/pull/276)
@@ -33,6 +64,9 @@
 
 ## 0.21.0 (2023-03-25)
 
+> - _Breaking_:
+>   - Couple of API changes, refer [documentation](https://python-validators.github.io/validators/)
+
 - feat: add build for pypi workflow by @joe733 in [#255](https://github.com/python-validators/validators/pull/255)
 - feat: @validator now catches `Exception` by @joe733 in [#254](https://github.com/python-validators/validators/pull/254)
 - maint: improves `i18n` package by @joe733 in [#252](https://github.com/python-validators/validators/pull/252)
@@ -125,11 +159,11 @@
 
 ## 0.14.0 (2019-08-21)
 
-- Added new validators ``ipv4_cidr``, ``ipv6_cidr`` (#117, pull request courtesy woodruffw)
+- Added new validators `ipv4_cidr`, `ipv6_cidr` (#117, pull request courtesy woodruffw)
 
 ## 0.13.0 (2019-05-20)
 
-- Added new validator: ``es_doi``, ``es_nif``, ``es_cif``, ``es_nie`` (#121, pull request courtesy kingbuzzman)
+- Added new validator: `es_doi`, `es_nif`, `es_cif`, `es_nie` (#121, pull request courtesy kingbuzzman)
 
 ## 0.12.6 (2019-05-08)
 
@@ -184,7 +218,7 @@
 
 ## 0.10.3 (2016-06-13)
 
-- Added ``public`` parameter to url validator (#26, pull request courtesy Iconceicao)
+- Added `public` parameter to url validator (#26, pull request courtesy Iconceicao)
 
 ## 0.10.2 (2016-06-11)
 
@@ -197,48 +231,48 @@
 
 ## 0.10.0 (2016-01-09)
 
-- Added support for internationalized domain names in ``domain`` validator
+- Added support for internationalized domain names in `domain` validator
 
 ## 0.9.0 (2015-10-10)
 
-- Added new validator: ``domain``
+- Added new validator: `domain`
 - Added flake8 and isort checks in travis config
 
 ## 0.8.0 (2015-06-24)
 
-- Added new validator: ``iban``
+- Added new validator: `iban`
 
 ## 0.7.0 (2014-09-07)
 
 - Fixed errors in code examples.
-- Fixed ``TypeError`` when using ``between`` validator with ``datetime`` objects
+- Fixed `TypeError` when using `between` validator with `datetime` objects
   like in the code example.
-- Changed validators to always return ``True`` instead of a truthy object when
+- Changed validators to always return `True` instead of a truthy object when
   the validation succeeds.
-- Fixed ``truthy`` validator to work like it's name suggests. Previously it
-  worked like ``falsy``.
+- Fixed `truthy` validator to work like it's name suggests. Previously it
+  worked like `falsy`.
 
 ## 0.6.0 (2014-06-25)
 
-- Added new validator: ``slug``
+- Added new validator: `slug`
 
 ## 0.5.0 (2013-10-31)
 
-- Renamed ``finnish_business_id`` to ``fi_business_id``
-- Added new validator: ``fi_ssn``
+- Renamed `finnish_business_id` to `fi_business_id`
+- Added new validator: `fi_ssn`
 
 ## 0.4.0 (2013-10-29)
 
-- Added new validator: ``finnish_business_id``
+- Added new validator: `finnish_business_id`
 
 ## 0.3.0 (2013-10-27)
 
-- ``number_range`` -> ``between``
+- `number_range` -> `between`
 
 ## 0.2.0 (2013-10-22)
 
-- Various new validators: ``ipv4``, ``ipv6``, ``length``, ``number_range``,
-  ``mac_address``, ``url``, ``uuid``
+- Various new validators: `ipv4`, `ipv6`, `length`, `number_range`,
+  `mac_address`, `url`, `uuid`
 
 ## 0.1.0 (2013-10-18)
 

diff --git a/SECURITY.md b/SECURITY.md
@@ -4,7 +4,7 @@
 
 | Version    | Supported          |
 | ---------- | ------------------ |
-| `>=0.21.2` | :white_check_mark: |
+| `>=0.22.0` | :white_check_mark: |
 
 ## Reporting a Vulnerability
 

diff --git a/pyproject.toml b/pyproject.toml
@@ -12,7 +12,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "validators"
-version = "0.21.2"
+version = "0.22.0"
 description = "Python Data Validation for Humans™"
 authors = [{ name = "Konsta Vesterinen", email = "konsta@fastmonkeys.com" }]
 license = { text = "MIT" }

diff --git a/src/validators/__init__.py b/src/validators/__init__.py
@@ -77,4 +77,4 @@
     "validator",
 )
 
-__version__ = "0.21.2"
+__version__ = "0.22.0"
diff --git a/src/validators/ip_address.py b/src/validators/ip_address.py
@@ -15,7 +15,7 @@
 
 
 @validator
-def ipv4(value: str, /, *, cidr: bool = True, strict: bool = False):
+def ipv4(value: str, /, *, cidr: bool = True, strict: bool = False, host_bit: bool = True):
     """Returns whether a given value is a valid IPv4 address.
 
     From Python version 3.9.5 leading zeros are no longer tolerated
@@ -36,11 +36,12 @@ def ipv4(value: str, /, *, cidr: bool = True, strict: bool = False):
         value:
             IP address string to validate.
         cidr:
-            IP address string may contain CIDR annotation
+            IP address string may contain CIDR notation
         strict:
-            If strict is True and host bits are set in the supplied address.
-            Otherwise, the host bits are masked out to determine the
-            appropriate network address. ref [IPv4Network][2].
+            IP address string is strictly in CIDR notation
+        host_bit:
+            If `False` and host bits (along with network bits) _are_ set in the supplied
+            address, this function raises a validation error. ref [IPv4Network][2].
             [2]: https://docs.python.org/3/library/ipaddress.html#ipaddress.IPv4Network
 
     Returns:
@@ -58,15 +59,17 @@ def ipv4(value: str, /, *, cidr: bool = True, strict: bool = False):
     if not value:
         return False
     try:
-        if cidr and value.count("/") == 1:
-            return IPv4Network(value, strict=strict)
+        if cidr:
+            if strict and value.count("/") != 1:
+                raise ValueError("IPv4 address was expected in CIDR notation")
+            return IPv4Network(value, strict=not host_bit)
         return IPv4Address(value)
-    except (AddressValueError, NetmaskValueError):
+    except (ValueError, AddressValueError, NetmaskValueError):
         return False
 
 
 @validator
-def ipv6(value: str, /, *, cidr: bool = True, strict: bool = False):
+def ipv6(value: str, /, *, cidr: bool = True, strict: bool = False, host_bit: bool = True):
     """Returns if a given value is a valid IPv6 address.
 
     Including IPv4-mapped IPv6 addresses. The initial version of ipv6 validator
@@ -88,9 +91,10 @@ def ipv6(value: str, /, *, cidr: bool = True, strict: bool = False):
         cidr:
             IP address string may contain CIDR annotation
         strict:
-            If strict is True and host bits are set in the supplied address.
-            Otherwise, the host bits are masked out to determine the
-            appropriate network address. ref [IPv6Network][2].
+            IP address string is strictly in CIDR notation
+        host_bit:
+            If `False` and host bits (along with network bits) _are_ set in the supplied
+            address, this function raises a validation error. ref [IPv6Network][2].
             [2]: https://docs.python.org/3/library/ipaddress.html#ipaddress.IPv6Network
 
     Returns:
@@ -108,8 +112,10 @@ def ipv6(value: str, /, *, cidr: bool = True, strict: bool = False):
     if not value:
         return False
     try:
-        if cidr and value.count("/") == 1:
-            return IPv6Network(value, strict=strict)
+        if cidr:
+            if strict and value.count("/") != 1:
+                raise ValueError("IPv6 address was expected in CIDR notation")
+            return IPv6Network(value, strict=not host_bit)
         return IPv6Address(value)
-    except (AddressValueError, NetmaskValueError):
+    except (ValueError, AddressValueError, NetmaskValueError):
         return False
diff --git a/tests/test_ip_address.py b/tests/test_ip_address.py
@@ -13,10 +13,6 @@
         ("127.0.0.1",),
         ("123.5.77.88",),
         ("12.12.12.12",),
-        # w/ cidr
-        ("127.0.0.1/0",),
-        ("123.5.77.88/8",),
-        ("12.12.12.12/32",),
     ],
 )
 def test_returns_true_on_valid_ipv4_address(address: str):
@@ -25,6 +21,22 @@ def test_returns_true_on_valid_ipv4_address(address: str):
     assert not ipv6(address)
 
 
+@pytest.mark.parametrize(
+    ("address", "cidr", "strict", "host_bit"),
+    [
+        ("127.0.0.1/0", True, True, True),
+        ("123.5.77.88", True, False, True),
+        ("12.12.12.0/24", True, True, False),
+    ],
+)
+def test_returns_true_on_valid_ipv4_cidr_address(
+    address: str, cidr: bool, strict: bool, host_bit: bool
+):
+    """Test returns true on valid ipv4 CIDR address."""
+    assert ipv4(address, cidr=cidr, strict=strict, host_bit=host_bit)
+    assert not ipv6(address, cidr=cidr, strict=strict, host_bit=host_bit)
+
+
 @pytest.mark.parametrize(
     ("address",),
     [
@@ -33,17 +45,29 @@ def test_returns_true_on_valid_ipv4_address(address: str):
         ("900.200.100.75",),
         ("0127.0.0.1",),
         ("abc.0.0.1",),
-        # w/ cidr
-        ("1.1.1.1/-1",),
-        ("1.1.1.1/33",),
-        ("1.1.1.1/foo",),
     ],
 )
 def test_returns_failed_validation_on_invalid_ipv4_address(address: str):
     """Test returns failed validation on invalid ipv4 address."""
     assert isinstance(ipv4(address), ValidationError)
 
 
+@pytest.mark.parametrize(
+    ("address", "cidr", "strict", "host_bit"),
+    [
+        ("1.1.1.1/1", False, True, True),
+        ("1.1.1.1/33", True, False, True),
+        ("1.1.1.1/24", True, True, False),
+        ("1.1.1.1/-1", True, True, True),
+    ],
+)
+def test_returns_failed_validation_on_invalid_ipv4_cidr_address(
+    address: str, cidr: bool, strict: bool, host_bit: bool
+):
+    """Test returns failed validation on invalid ipv4 CIDR address."""
+    assert isinstance(ipv4(address, cidr=cidr, strict=strict, host_bit=host_bit), ValidationError)
+
+
 @pytest.mark.parametrize(
     ("address",),
     [
@@ -56,14 +80,6 @@ def test_returns_failed_validation_on_invalid_ipv4_address(address: str):
         ("::192.168.30.2",),
         ("0000:0000:0000:0000:0000::",),
         ("0:a:b:c:d:e:f::",),
-        # w/ cidr
-        ("::1/128",),
-        ("::1/0",),
-        ("dead:beef:0:0:0:0:42:1/8",),
-        ("abcd:ef::42:1/32",),
-        ("0:0:0:0:0:ffff:1.2.3.4/16",),
-        ("2001:0db8:85a3:0000:0000:8a2e:0370:7334/64",),
-        ("::192.168.30.2/128",),
     ],
 )
 def test_returns_true_on_valid_ipv6_address(address: str):
@@ -72,6 +88,26 @@ def test_returns_true_on_valid_ipv6_address(address: str):
     assert not ipv4(address)
 
 
+@pytest.mark.parametrize(
+    ("address", "cidr", "strict", "host_bit"),
+    [
+        ("::1/128", True, True, True),
+        ("::1/0", True, True, True),
+        ("dead:beef:0:0:0:0:42:1/8", True, True, True),
+        ("abcd:ef::42:1/32", True, True, True),
+        ("0:0:0:0:0:ffff:1.2.3.4/16", True, True, True),
+        ("2001:0db8:85a3:0000:0000:8a2e:0370:7334/64", True, True, True),
+        ("::192.168.30.2/128", True, True, True),
+    ],
+)
+def test_returns_true_on_valid_ipv6_cidr_address(
+    address: str, cidr: bool, strict: bool, host_bit: bool
+):
+    """Test returns true on valid ipv6 CIDR address."""
+    assert ipv6(address, cidr=cidr, strict=strict, host_bit=host_bit)
+    assert not ipv4(address, cidr=cidr, strict=strict, host_bit=host_bit)
+
+
 @pytest.mark.parametrize(
     ("address",),
     [
@@ -91,12 +127,24 @@ def test_returns_true_on_valid_ipv6_address(address: str):
         ("::1:2::",),
         ("8::1:2::9",),
         ("02001:0000:1234:0000:0000:C1C0:ABCD:0876",),
-        # w/ cidr
-        ("::1/129",),
-        ("::1/-1",),
-        ("::1/foo",),
     ],
 )
 def test_returns_failed_validation_on_invalid_ipv6_address(address: str):
     """Test returns failed validation on invalid ipv6 address."""
     assert isinstance(ipv6(address), ValidationError)
+
+
+@pytest.mark.parametrize(
+    ("address", "cidr", "strict", "host_bit"),
+    [
+        ("::1/128", False, True, True),
+        ("::1/129", True, False, True),
+        ("dead:beef:0:0:0:0:42:1/8", True, True, False),
+        ("::1/-130", True, True, True),
+    ],
+)
+def test_returns_failed_validation_on_invalid_ipv6_cidr_address(
+    address: str, cidr: bool, strict: bool, host_bit: bool
+):
+    """Test returns failed validation on invalid ipv6 CIDR address."""
+    assert isinstance(ipv6(address, cidr=cidr, strict=strict, host_bit=host_bit), ValidationError)