diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8168aa1..5f0a331 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,16 @@ All notable changes to this project will be documented in this file.
 
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
+## 0.5.0 - 2021-11-19
+
+### Added
+
+- Add ability to ignore ASCII art. (Pull #45)
+
+### Fixed
+
+- Correctly handle default values of `None`. (Pull #41)
+
 ## 0.4.0 - 2021-05-12
 
 ### Added
diff --git a/mkdocs_click/__version__.py b/mkdocs_click/__version__.py
index 5425f33..9b3200d 100644
--- a/mkdocs_click/__version__.py
+++ b/mkdocs_click/__version__.py
@@ -1,4 +1,4 @@
 # (C) Datadog, Inc. 2020-present
 # All rights reserved
 # Licensed under the Apache license (see LICENSE)
-__version__ = "0.4.0"
+__version__ = "0.5.0"