diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 759e575a5ce2..3f27f2bf7a1f 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -249,7 +249,7 @@
   "google-cloud-datastream+FILLER": "0.0.0",
   "google-cloud-datastream-v1": "0.7.0",
   "google-cloud-datastream-v1+FILLER": "0.0.0",
-  "google-cloud-datastream-v1alpha1": "0.4.0",
+  "google-cloud-datastream-v1alpha1": "0.5.0",
   "google-cloud-datastream-v1alpha1+FILLER": "0.0.0",
   "google-cloud-deploy": "1.0.0",
   "google-cloud-deploy+FILLER": "0.0.0",
diff --git a/google-cloud-datastream-v1alpha1/CHANGELOG.md b/google-cloud-datastream-v1alpha1/CHANGELOG.md
index e1e12849d8c3..7d267fb1e37b 100644
--- a/google-cloud-datastream-v1alpha1/CHANGELOG.md
+++ b/google-cloud-datastream-v1alpha1/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+### 0.5.0 (2023-09-12)
+
+#### Features
+
+* Support for channel pool configuration ([#22919](https://github.com/googleapis/google-cloud-ruby/issues/22919)) 
+
 ### 0.4.0 (2023-06-06)
 
 #### Features
diff --git a/google-cloud-datastream-v1alpha1/lib/google/cloud/datastream/v1alpha1/version.rb b/google-cloud-datastream-v1alpha1/lib/google/cloud/datastream/v1alpha1/version.rb
index 4b4b2de058c7..1bc6b9a07d46 100644
--- a/google-cloud-datastream-v1alpha1/lib/google/cloud/datastream/v1alpha1/version.rb
+++ b/google-cloud-datastream-v1alpha1/lib/google/cloud/datastream/v1alpha1/version.rb
@@ -21,7 +21,7 @@ module Google
   module Cloud
     module Datastream
       module V1alpha1
-        VERSION = "0.4.0"
+        VERSION = "0.5.0"
       end
     end
   end
diff --git a/google-cloud-datastream-v1alpha1/snippets/snippet_metadata_google.cloud.datastream.v1alpha1.json b/google-cloud-datastream-v1alpha1/snippets/snippet_metadata_google.cloud.datastream.v1alpha1.json
index 225a003c2b1a..aadad3113b85 100644
--- a/google-cloud-datastream-v1alpha1/snippets/snippet_metadata_google.cloud.datastream.v1alpha1.json
+++ b/google-cloud-datastream-v1alpha1/snippets/snippet_metadata_google.cloud.datastream.v1alpha1.json
@@ -1,7 +1,7 @@
 {
   "client_library": {
     "name": "google-cloud-datastream-v1alpha1",
-    "version": "0.4.0",
+    "version": "0.5.0",
     "language": "RUBY",
     "apis": [
       {