diff --git a/CHANGELOG b/CHANGELOG
index 6b62186..f9a9800 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,4 +1,4 @@
-v0.5 (unreleased):
+v0.5 (released August 28, 2018):
 
 - Added a `--depth` flag to control recursion depth when searching for
   repositories inside of subdirectories. For example:
diff --git a/gitup/__init__.py b/gitup/__init__.py
index 2ef3e7d..b973f47 100644
--- a/gitup/__init__.py
+++ b/gitup/__init__.py
@@ -10,5 +10,5 @@ gitup: the git repository updater
 __author__ = "Ben Kurtovic"
 __copyright__ = "Copyright (C) 2011-2018 Ben Kurtovic"
 __license__ = "MIT License"
-__version__ = "0.5.dev0"
+__version__ = "0.5"
 __email__ = "ben.kurtovic@gmail.com"