diff --git a/GameMod/Properties/AssemblyInfo.cs b/GameMod/Properties/AssemblyInfo.cs
index f304e4c2..d2ac6611 100644
--- a/GameMod/Properties/AssemblyInfo.cs
+++ b/GameMod/Properties/AssemblyInfo.cs
@@ -32,5 +32,5 @@
 // You can specify all the values or you can default the Build and Revision Numbers
 // by using the '*' as shown below:
 // [assembly: AssemblyVersion("1.0.*")]
-[assembly: AssemblyVersion("0.5.7.0")]
-[assembly: AssemblyFileVersion("0.5.7.0")]
+[assembly: AssemblyVersion("0.5.8.0")]
+[assembly: AssemblyFileVersion("0.5.8.0")]
diff --git a/README.md b/README.md
index ca3b12c0..028b37a0 100644
--- a/README.md
+++ b/README.md
@@ -1,4 +1,4 @@
-## olmod 0.5.7 - Overload mod
+## olmod 0.5.8 - Overload mod
 
 **Community mods for Overload**
 
diff --git a/README.txt b/README.txt
index bd6165de..447c7777 100644
--- a/README.txt
+++ b/README.txt
@@ -1,4 +1,4 @@
-olmod 0.5.7 - Overload mod
+olmod 0.5.8 - Overload mod
 Community mods for Overload
 https://github.com/overload-development-community/olmod
 
diff --git a/olmod/olmod.rc b/olmod/olmod.rc
index c113154e..d990b362 100644
Binary files a/olmod/olmod.rc and b/olmod/olmod.rc differ
diff --git a/olmodchanges.txt b/olmodchanges.txt
index d2f698b0..e8c009ac 100644
--- a/olmodchanges.txt
+++ b/olmodchanges.txt
@@ -1,3 +1,13 @@
+v0.5.8 - 2022-10-30
+
+- Restore functionality of Armor Toughness, Move Speed, and Energy Efficiency mods that were broken as of v0.5.6.
+- New multiplayer option under "General" for loadout hotkeys.  (Thanks, Fireball!)
+- New multiplayer option under "Team" for damage numbers.  Yes, we know it doesn't belong there, it'll move to a better spot when we do a menu overhaul, we just wanted to get something in quick for this version.
+- Additional sound occlusion optimizations, especially in energy centers.  (Thanks, Fireball!)
+- Improved performance around lag compensation's "Limit Ships Diving Into Walls" option.  (Thanks, derhass!)
+- Improved performance around client physics resimulations that were done every frame.  (Thanks, derhass!)
+- Removed creepers and time bombs from the homing fix, should help smooth them out in game play.
+
 v0.5.7 - 2022-10-24
 
 - Thunderbolt Penetration and Damage Numbers settings are now read from presets.  Public games have damage numbers on by default!