diff --git a/CHANGELOG.md b/CHANGELOG.md
index aab97dc..5b7fa9e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,11 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 ## [Unreleased]
 
+## [0.5.0] - 2024-04-26
+
+This release updates the mutwo.core dependency to a new major version.
+
+
 ## [0.4.0] - 2022-10-18
 
 ### Changed
diff --git a/mutwo/reaper_version/__init__.py b/mutwo/reaper_version/__init__.py
index 1e0c029..9d7896d 100644
--- a/mutwo/reaper_version/__init__.py
+++ b/mutwo/reaper_version/__init__.py
@@ -1,4 +1,4 @@
-MAJOR, MINOR, PATCH = 0, 4, 1
+MAJOR, MINOR, PATCH = 0, 5, 0
 
 VERSION = f"{MAJOR}.{MINOR}.{PATCH}"
 """The version of the package ``mutwo.reaper``."""