diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6f172a1..f3f4dde 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 All notable changes to this project will be documented in this file.
 
 ## [Unreleased][unreleased]
+
+## [0.5.0] - 2014-12-23
 ### Added
 - Gulp as a task manger
 - JSHint and JSCS to check the JavaScript code
diff --git a/package.json b/package.json
index 7b87bc8..9a189ad 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "openerz",
-  "version": "0.4.2",
+  "version": "0.5.0",
   "description": "Open ERZ API",
   "main": "index.js",
   "scripts": {