diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 218393f..f1c1e58 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.4.1"
+  ".": "0.5.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index bd5daae..bb63557 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,14 @@
 <!-- markdownlint-disable -->
 # Changelog
 
+## [0.5.0](https://github.com/google/kube-startup-cpu-boost/compare/v0.4.1...v0.5.0) (2024-03-15)
+
+
+### Features
+
+* adding config abstraction ([#31](https://github.com/google/kube-startup-cpu-boost/issues/31)) ([ac47461](https://github.com/google/kube-startup-cpu-boost/commit/ac47461f23d3d59cc93bed4b0ef3a1ee59fe3af6))
+* zap log level as environment variable ([#35](https://github.com/google/kube-startup-cpu-boost/issues/35)) ([d019b7a](https://github.com/google/kube-startup-cpu-boost/commit/d019b7ae5bfbee017a4a155a42fb28a4fccb33a8))
+
 ## [0.4.1](https://github.com/google/kube-startup-cpu-boost/compare/v0.4.0...v0.4.1) (2024-03-06)
 
 
diff --git a/README.md b/README.md
index 4a104c4..3eca4a5 100644
--- a/README.md
+++ b/README.md
@@ -46,7 +46,7 @@ To install the latest release of Kube Startup CPU Boost in your cluster, run the
 
  <!-- x-release-please-start-version -->
 ```sh
-kubectl apply -f https://github.com/google/kube-startup-cpu-boost/releases/download/v0.4.0/manifests.yaml
+kubectl apply -f https://github.com/google/kube-startup-cpu-boost/releases/download/v0.5.0/manifests.yaml
 ```
  <!-- x-release-please-end -->
 
@@ -63,7 +63,7 @@ cat <<EOF > kustomization.yaml
 apiVersion: kustomize.config.k8s.io/v1beta1
 kind: Kustomization
 resources:
-- https://github.com/google/kube-startup-cpu-boost?ref=v0.4.0
+- https://github.com/google/kube-startup-cpu-boost?ref=v0.5.0
 EOF
 kubectl kustomize | kubectl apply -f -
 ```
diff --git a/kustomization.yaml b/kustomization.yaml
index fd68b3d..2eb61b3 100644
--- a/kustomization.yaml
+++ b/kustomization.yaml
@@ -18,4 +18,4 @@ resources:
   - config/default
 images:
   - name: ghcr.io/google/kube-startup-cpu-boost
-    newTag: 0.4.0 #x-release-please-version
+    newTag: 0.5.0 #x-release-please-version