diff --git a/CHANGELOG.md b/CHANGELOG.md
index 165f972..7f33656 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-## 0.5.0 (unreleased)
+## 0.5.0 (2024-06-24)
 
 - Dropped support for Makara 0.4
 - Dropped support for Ruby < 3.1 and Active Record < 6.1
diff --git a/lib/distribute_reads/version.rb b/lib/distribute_reads/version.rb
index f79163c..b3a3d88 100644
--- a/lib/distribute_reads/version.rb
+++ b/lib/distribute_reads/version.rb
@@ -1,3 +1,3 @@
 module DistributeReads
-  VERSION = "0.4.0"
+  VERSION = "0.5.0"
 end