diff --git a/CHANGELOG.md b/CHANGELOG.md
index beab444..954fd0f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,8 @@ The format is based on [Keep a Changelog][keepachangelog], and this project
 adheres to [Semantic Versioning][semver].
 
 ## [Unreleased]
+
+## [0.5.0] - 2021-02-23
 ### Added
 * The re-export of the DSL implementation is gated by the `dsl` feature which is
   enabled by default.
@@ -57,7 +59,8 @@ adheres to [Semantic Versioning][semver].
 [keepachangelog]: https://keepachangelog.com/en/1.0.0/
 [semver]: https://semver.org/spec/v2.0.0.html
 
-[Unreleased]: https://github.com/eugene-babichenko/rust-fsm/compare/v0.4.0...HEAD
+[Unreleased]: https://github.com/eugene-babichenko/rust-fsm/compare/v0.5.0...HEAD
+[0.5.0]: https://github.com/eugene-babichenko/rust-fsm/compare/v0.4.0...v0.5.0
 [0.4.0]: https://github.com/eugene-babichenko/rust-fsm/compare/v0.3.0...v0.4.0
 [0.3.0]: https://github.com/eugene-babichenko/rust-fsm/compare/v0.2.0...0.3.0
 [0.2.0]: https://github.com/eugene-babichenko/rust-fsm/compare/v0.1.0...0.2.0
diff --git a/Cargo.toml b/Cargo.toml
index 8bfce93..93e668c 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -8,7 +8,7 @@ readme = "README.md"
 license = "MIT"
 categories = ["data-structures", "rust-patterns"]
 keywords = ["fsm"]
-version = "0.4.0"
+version = "0.5.0"
 authors = ["Yevhenii Babichenko"]
 edition = "2018"
 
@@ -18,7 +18,7 @@ std = []
 dsl = ["rust-fsm-dsl"]
 
 [dependencies]
-rust-fsm-dsl = { path = "./rust_fsm_dsl", version = "0.4.0", optional = true }
+rust-fsm-dsl = { path = "./rust_fsm_dsl", version = "0.5.0", optional = true }
 
 [profile.dev]
 panic = "abort"
diff --git a/rust_fsm_dsl/Cargo.toml b/rust_fsm_dsl/Cargo.toml
index 5e4c1b4..52201a1 100644
--- a/rust_fsm_dsl/Cargo.toml
+++ b/rust_fsm_dsl/Cargo.toml
@@ -8,7 +8,7 @@ readme = "../README.md"
 license = "MIT"
 categories = ["data-structures", "rust-patterns"]
 keywords = ["fsm"]
-version = "0.4.0"
+version = "0.5.0"
 authors = ["Yevhenii Babichenko"]
 edition = "2018"