diff --git a/.github/release-please/manifest.json b/.github/release-please/manifest.json
index de5842653f99..c3ca5c3248b9 100644
--- a/.github/release-please/manifest.json
+++ b/.github/release-please/manifest.json
@@ -1,5 +1,5 @@
 {
-  "sdk/zksync-rs": "0.4.0",
+  "sdk/zksync-rs": "0.5.0",
   "core": "20.7.0",
   "prover": "11.0.0"
 }
diff --git a/sdk/zksync-rs/CHANGELOG.md b/sdk/zksync-rs/CHANGELOG.md
index dc1f16719e1f..a7ee7aaa0a35 100644
--- a/sdk/zksync-rs/CHANGELOG.md
+++ b/sdk/zksync-rs/CHANGELOG.md
@@ -1,5 +1,24 @@
 # Changelog
 
+## [0.5.0](https://github.com/matter-labs/zksync-era/compare/zksync-rs-v0.4.0...zksync-rs-v0.5.0) (2024-02-26)
+
+
+### ⚠ BREAKING CHANGES
+
+* **vm:** Release v19 - remove allowlist ([#747](https://github.com/matter-labs/zksync-era/issues/747))
+
+### Features
+
+* address remaining spelling issues in dev comments and turns on dev_comments in cfg ([#827](https://github.com/matter-labs/zksync-era/issues/827)) ([1fd0afd](https://github.com/matter-labs/zksync-era/commit/1fd0afdcd9b6c344e1f5dac93fda5aa25c106b2f))
+* **api:** Do not return receipt if tx was not included to the batch ([#706](https://github.com/matter-labs/zksync-era/issues/706)) ([625d632](https://github.com/matter-labs/zksync-era/commit/625d632934ac63ad7479de50d65f83e6f144c7dd))
+* **api:** remove jsonrpc backend ([#693](https://github.com/matter-labs/zksync-era/issues/693)) ([b3f0417](https://github.com/matter-labs/zksync-era/commit/b3f0417fd4512f98d7e579eb5b3b03c7f4b92e18))
+* **vm:** Release v19 - remove allowlist ([#747](https://github.com/matter-labs/zksync-era/issues/747)) ([0e2bc56](https://github.com/matter-labs/zksync-era/commit/0e2bc561b9642b854718adcc86087a3e9762cf5d))
+
+
+### Bug Fixes
+
+* **test:** Provide higher min allowance in estimation ([#923](https://github.com/matter-labs/zksync-era/issues/923)) ([d379612](https://github.com/matter-labs/zksync-era/commit/d37961296c102555e7128424fb1e9b998579b1de))
+
 ## [0.4.0](https://github.com/matter-labs/zksync-2-dev/compare/zksync-v0.3.0...zksync-v0.4.0) (2023-03-23)
 
 
diff --git a/sdk/zksync-rs/Cargo.toml b/sdk/zksync-rs/Cargo.toml
index fe7243c39b17..9048773728b9 100644
--- a/sdk/zksync-rs/Cargo.toml
+++ b/sdk/zksync-rs/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "zksync"
-version = "0.4.0"
+version = "0.5.0"
 authors = ["The Matter Labs Team <hello@matterlabs.dev>"]
 edition = "2018"
 license = "MIT OR Apache-2.0"