diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6d91091..73ab3f7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## 0.5.0
+
+- New tests added for diagonal movements
+- LRU caching for heuristics
+- Updated documentation and examples
+- Node class has additional attributes for heap caching
+- Replicated simple heap structure inspired from [python-pathfinding](https://github.com/brean/python-pathfinding/pull/54), [original author](https://github.com/peterchenadded).
+
 ## 0.4.1
 
 - Based on version v1.0.7 of [python-pathfinding](https://github.com/brean/python-pathfinding/commits/main/)
diff --git a/docs/CHANGELOG.md b/docs/CHANGELOG.md
index 7370fb7..7b89d65 100644
--- a/docs/CHANGELOG.md
+++ b/docs/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Version History
 
+## 0.5.0
+
+- New tests added for diagonal movements
+- LRU caching for heuristics
+- Updated documentation and examples
+- Node class has additional attributes for heap caching
+- Replicated simple heap structure inspired from [python-pathfinding](https://github.com/brean/python-pathfinding/pull/54), [original author](https://github.com/peterchenadded).
+
 ## 0.4.1
 
 - Based on version v1.0.7 of [python-pathfinding](https://github.com/brean/python-pathfinding/commits/main/)
diff --git a/pathfinding3d/version.txt b/pathfinding3d/version.txt
index 44bb5d1..79a2734 100644
--- a/pathfinding3d/version.txt
+++ b/pathfinding3d/version.txt
@@ -1 +1 @@
-0.4.1
\ No newline at end of file
+0.5.0
\ No newline at end of file