diff --git a/CHANGELOG.md b/CHANGELOG.md
index e2c06bd..f2eb6eb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## Unreleased
 
+## [0.5.0] - 2024-01-18
+
 ### Changed
 * refactor output format of service products-contain-component (GRIF-209)
 * container roots are excluded by default (need to use --include-container-roots)
diff --git a/griffon/__init__.py b/griffon/__init__.py
index 209280f..8965823 100644
--- a/griffon/__init__.py
+++ b/griffon/__init__.py
@@ -18,7 +18,7 @@
 from griffon.helpers import Color, Style
 from griffon.output import console
 
-__version__ = "0.4.2"
+__version__ = "0.5.0"
 
 # TODO: Deprecate CORGI_API_URL completely in the next version or two
 CORGI_SERVER_URL = os.getenv("CORGI_SERVER_URL", os.getenv("CORGI_API_URL"))