diff --git a/CHANGES.rst b/CHANGES.rst
index dc1967a..e3f5537 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,8 +1,8 @@
 Changes
 =======
 
-to be released
---------------
+0.5.0 (2020-04-23)
+------------------
 
 - Remove explicit loop arguments and forbid creating queues outside event loops #246
 
diff --git a/janus/__init__.py b/janus/__init__.py
index 047d2f8..b3a919a 100644
--- a/janus/__init__.py
+++ b/janus/__init__.py
@@ -11,7 +11,7 @@
                     Callable)
 
 
-__version__ = '0.4.0'
+__version__ = '0.5.0'
 __all__ = ('Queue', 'PriorityQueue', 'LifoQueue')