diff --git a/CHANGELOG.md b/CHANGELOG.md
index ab95c80..f92ad66 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,7 +5,7 @@ All notable changes to this project will be documented in this file.
 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).
 
-## [Unreleased]
+## [0.5.0] - 2023-05-02
 
 ### Added
 
diff --git a/README.md b/README.md
index c4becc0..e437cfc 100644
--- a/README.md
+++ b/README.md
@@ -85,7 +85,7 @@ If you don't want SSR, you can disable it by not setting `NodeJS.Supervisor` in
 ```elixir
 defp deps do
   [
-    {:live_svelte, "~> 0.4.2"}
+    {:live_svelte, "~> 0.5.0"}
   ]
 end
 ```
diff --git a/mix.exs b/mix.exs
index b9ef484..d9b3d37 100644
--- a/mix.exs
+++ b/mix.exs
@@ -1,7 +1,7 @@
 defmodule LiveSvelte.MixProject do
   use Mix.Project
 
-  @version "0.4.2"
+  @version "0.5.0"
   @repo_url "https://github.com/woutdp/live_svelte"
 
   def project do
diff --git a/package.json b/package.json
index 4ee4020..2583114 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "live_svelte",
-    "version": "0.4.2",
+    "version": "0.5.0",
     "description": "",
     "license": "MIT",
     "module": "./priv/static/live_svelte.esm.js",