diff --git a/CHANGELOG.md b/CHANGELOG.md
index 66d2ca5..6db461f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,11 +7,13 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+---
+
+## [0.5.1] - 2021-10-19
+
 ### Changed
 - Fixed `Invalid value "community.upcloud.upcloud"` when simply trying to use the plugin
 
----
-
 ## [0.5.0] - 2021-05-19
 
 First release for the new UpCloud Ansible Collection! :tada:
@@ -21,4 +23,5 @@ First release for the new UpCloud Ansible Collection! :tada:
 - Ansible inventory for UpCloud servers, allowing filtering with zones, tags, networks or server states.
 
 [Unreleased]: https://github.com/UpCloudLtd/upcloud-ansible-collection/compare/v0.5.0...HEAD
-[0.5.0]: https://github.com/UpCloudLtd/upcloud-ansible-collection/releases/tag/v0.5.0
\ No newline at end of file
+[0.5.1]: https://github.com/UpCloudLtd/upcloud-ansible-collection/compare/v0.5.0...v0.5.1
+[0.5.0]: https://github.com/UpCloudLtd/upcloud-ansible-collection/releases/tag/v0.5.0
diff --git a/README.md b/README.md
index 2cc9cd7..80b8dd8 100644
--- a/README.md
+++ b/README.md
@@ -28,7 +28,7 @@ pip3 install upcloud-api>=2.0.0
 The collection itself can be installed with the `ansible-galaxy` command that comes with the Ansible package:
 
 ```bash
-ansible-galaxy collection install https://github.com/UpCloudLtd/upcloud-ansible-collection/releases/download/v0.5.0/community-upcloud-0.5.0.tar.gz
+ansible-galaxy collection install https://github.com/UpCloudLtd/upcloud-ansible-collection/releases/download/v0.5.1/community-upcloud-0.5.1.tar.gz
 ```
 
 ### Inventory usage
diff --git a/RELEASING.md b/RELEASING.md
new file mode 100644
index 0000000..f29c11f
--- /dev/null
+++ b/RELEASING.md
@@ -0,0 +1,16 @@
+# Releasing the Terraform provider
+
+1. Merge all your changes to the stable branch
+1. Create a new release branch e.g. `release-v2.3.5`
+1. Update [CHANGELOG.md](CHANGELOG.md)
+    1. Add new heading with the correct version e.g. `## [2.3.5]`
+    1. Update links at the bottom of the page
+    1. Leave "Unreleased" section at the top empty
+1. Update `galaxy.yml` with the new version
+1. Update README.md's download link with the new version
+1. [Create a draft release in GitHub](https://github.com/UpCloudLtd/upcloud-ansible-collection/releases) with the new version
+as the tag like `v2.3.5`
+1. Build the collection .tar.gz using `ansible-galaxy collection build`
+1. Attach the built .tar.gz into the release
+1. Merge your release branch to the stable branch
+1. Publish the release
diff --git a/galaxy.yml b/galaxy.yml
index e187c97..8a5631e 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -1,6 +1,6 @@
 namespace: community
 name: upcloud
-version: 0.5.0
+version: 0.5.1
 readme: README.md
 authors:
   - UpCloud developers (github.com/UpCloudLtd)