Hi @Laura Njombua,
Welcome to Atlassian Community!
It is possible with automation, the question is do you want to do this association when the release is created or when the issue is created? The first one is the easiest one since you would trigger on version created. The second one would be a bit more complicated since the board is just a placeholder for issues and what you see on it is based on a filter. Your automation would trigger on issue created, then you would have to use Get project versions and look if the version is released or not, and then set the version on the issue.
A third option if you associate all epics with a single release would be to copy that version from the epic when the issue is created and associated with an epic.
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