diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 2ef66782c..e5c5b3156 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,6 +1,27 @@
 Changelog
 =========
 
+1.5.0a3 (2024-06-03)
+--------------------
+
+New Features
+
+* Support for running dbt tasks in AWS EKS in #944 by @VolkerSchiewe
+* Support caching dbt ls output in Airflow variable in #1014 by @tatiana (WIP)
+   - different approach than 1.5.0a1 and 1.5.0a2
+
+Others
+
+* Improve error logging in ``DbtLocalBaseOperator`` in #1004 by @davidsteinar
+* Add GitHub issue templates for bug reports and feature request in #1009 by @pankajkoti
+* Fix ``dev/Dockerfile`` + Add ``uv pip install`` for faster build time in #997 by @dwreeves
+* Drop support for Airflow 2.3 in #994 by @pankajkoti
+* Update Astro Runtime image in #988 and #989 by @RNHTTR
+* Enable ruff F linting in #985 by @pankajastro
+* Move Cosmos Airflow configuration to settings.py in #975 by @pankajastro
+* Fix CI Issues in #1005 by @tatiana
+* Pre-commit hook updates in #1000
+
 1.4.1 (2024-05-17)
 --------------------
 
diff --git a/cosmos/__init__.py b/cosmos/__init__.py
index 5d88d35d3..d611e56f8 100644
--- a/cosmos/__init__.py
+++ b/cosmos/__init__.py
@@ -5,7 +5,7 @@
 
 Contains dags, task groups, and operators.
 """
-__version__ = "1.4.1"
+__version__ = "1.5.0a3"
 
 
 from cosmos.airflow.dag import DbtDag