diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6f5802e..eed7a1f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,8 @@
+## [0.5.0] 2019-07-21 05:07:51 UTC
+
+- [1241b7a](https://github.com/adhocore/please/commit/1241b7a) docs: about --version/-V (Jitendra Adhikari)
+- [a7c0a11](https://github.com/adhocore/please/commit/a7c0a11) feat(please): possibility to release exact version (Jitendra Adhikari)
+
 ## [0.4.0] 2019-07-16 06:07:43 UTC
 
 - [9a029e9](https://github.com/adhocore/please/commit/9a029e9) chore: print new release url after released (Jitendra Adhikari)
diff --git a/VERSION b/VERSION
index 1d0ba9e..8f0916f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.4.0
+0.5.0