diff --git a/releasenotes/notes/prepare-0.5.1-f850197b84546664.yaml b/releasenotes/notes/prepare-0.5.1-f850197b84546664.yaml
new file mode 100644
index 0000000..c0d59ac
--- /dev/null
+++ b/releasenotes/notes/prepare-0.5.1-f850197b84546664.yaml
@@ -0,0 +1,4 @@
+---
+prelude: >
+    `qiskit-qasm3-import` version 0.5.1 increases the supported versions of the underlying `openqasm3`
+    parser package to reflect the semantic-versioned stability guarantees following its 1.0 release.
diff --git a/src/qiskit_qasm3_import/__init__.py b/src/qiskit_qasm3_import/__init__.py
index 6d98ce0..f0c7f03 100644
--- a/src/qiskit_qasm3_import/__init__.py
+++ b/src/qiskit_qasm3_import/__init__.py
@@ -11,7 +11,7 @@
 
 """Basic importer for OpenQASM 3 programmes into Qiskit."""
 
-__version__ = "0.5.0"
+__version__ = "0.5.1"
 
 __all__ = ["parse", "convert", "ConversionError"]