diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index 540adda..49df414 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -53,7 +53,7 @@ jobs:
         id: test-action
         uses: ./
         with:
-          version: v0.3.2
+          version: v0.4.0
 
       - name: Check pbuf cli
         id: check-pbuf-cli
@@ -63,7 +63,7 @@ jobs:
         id: test-action-with-config
         uses: ./
         with:
-          version: v0.3.2
+          version: v0.4.0
           pbuf_token: "hello_token"
 
       - name: Check .netrc
diff --git a/README.md b/README.md
index 5ce2f6a..9d481fa 100644
--- a/README.md
+++ b/README.md
@@ -14,7 +14,7 @@ The `pbuf-setup` GitHub Action is designed to install `pbuf-cli`, a command-line
 - **Token Auth Support**: Supports usage of a `pbuf_token` for operations requiring authentication with the PBUF registry.
 
 ## Inputs
-- **`version`**: The version of the CLI to install. The default is 'v0.3.2'. This input is optional.
+- **`version`**: The version of the CLI to install. The default is 'v0.4.0'. This input is optional.
 - **`pbuf_token`**: The API token for authenticating with the PBUF registry. This input is optional.
 
 ## Usage
@@ -23,9 +23,9 @@ To use this action, include it in your workflow `.yml` file with the necessary i
 ```yml
 steps:
 - name: Install pbuf-cli
-  uses: pbufio/pbuf-setup-action@v1.0.0
+  uses: pbufio/pbuf-setup-action@v1.1.0
   with:
-    version: 'v0.3.2' # Optional. Specify the desired version
+    version: 'v0.4.0' # Optional. Specify the desired version
     pbuf_token: ${{ secrets.PBUF_TOKEN }} # Optional, your PBUF API token
 
 - name: Register Module
diff --git a/action.yml b/action.yml
index da75c39..f12c7ea 100644
--- a/action.yml
+++ b/action.yml
@@ -10,7 +10,7 @@ inputs:
   version:
     description: The version of the CLI
     required: false
-    default: 'v0.3.2'
+    default: 'v0.4.0'
   pbuf_token:
     description: The API token to use with PBUF registry.
     required: false
diff --git a/package.json b/package.json
index d3a37bf..39b82ff 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "pbuf-setup-action",
   "description": "GitHub Action to setup pbuf-cli",
-  "version": "1.0.0",
+  "version": "1.1.0",
   "author": "aatarasoff@gmail.com",
   "exports": {
     ".": "./dist/index.js"