diff --git a/cmd/controller/main.go b/cmd/controller/main.go
index 5e46d712f..b99476ad5 100644
--- a/cmd/controller/main.go
+++ b/cmd/controller/main.go
@@ -21,7 +21,7 @@ import (
 )
 
 const (
-	Version = "0.4.0"
+	Version = "0.5.0"
 )
 
 var (