diff --git a/CHANGELOG.md b/CHANGELOG.md
index 99bab4c..56bfe58 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,8 @@ 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] - 2021-04-19
 ### Added
 - `keepachangelog.release` function to guess new version number based on `Unreleased` section, update changelog and return new version number.
 - `keepachangelog.to_raw_dict` function returning a raw markdown description of the release under `raw` dict.
@@ -40,7 +42,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Added
 - Initial release.
 
-[Unreleased]: https://github.com/Colin-b/keepachangelog/compare/v0.4.0...HEAD
+[Unreleased]: https://github.com/Colin-b/keepachangelog/compare/v0.5.0...HEAD
+[0.5.0]: https://github.com/Colin-b/keepachangelog/compare/v0.4.0...v0.5.0
 [0.4.0]: https://github.com/Colin-b/keepachangelog/compare/v0.3.1...v0.4.0
 [0.3.1]: https://github.com/Colin-b/keepachangelog/compare/v0.3.0...v0.3.1
 [0.3.0]: https://github.com/Colin-b/keepachangelog/compare/v0.2.0...v0.3.0
diff --git a/keepachangelog/version.py b/keepachangelog/version.py
index 151e68f..c4b9ff7 100644
--- a/keepachangelog/version.py
+++ b/keepachangelog/version.py
@@ -3,4 +3,4 @@
 # Major should be incremented in case there is a breaking change. (eg: 2.5.8 -> 3.0.0)
 # Minor should be incremented in case there is an enhancement. (eg: 2.5.8 -> 2.6.0)
 # Patch should be incremented in case there is a bug fix. (eg: 2.5.8 -> 2.5.9)
-__version__ = "0.4.0"
+__version__ = "0.5.0"