diff --git a/.copier/package.yml b/.copier/package.yml
index 0d23db4..149c0d1 100644
--- a/.copier/package.yml
+++ b/.copier/package.yml
@@ -3,7 +3,7 @@ _commit: v2024.13
 _src_path: gh:westerveltco/django-twc-package
 author_email: josh@joshthomas.dev
 author_name: Josh Thomas
-current_version: 0.4.0
+current_version: 0.5.0
 django_versions:
 - '3.2'
 - '4.2'
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6622819..9501c2c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -18,6 +18,8 @@ and this project attempts to adhere to [Semantic Versioning](https://semver.org/
 
 ## [Unreleased]
 
+## [0.5.0]
+
 ### Added
 
 - An number of examples have been added to a new `example` directory. These examples are intended to demonstrate various ways how to use `django-simple-nav` in a Django project and include basic usage and usage with some popular CSS frameworks.
@@ -91,8 +93,9 @@ Initial release! 🎉
 - Josh Thomas <josh@joshthomas.dev> (maintainer)
 - Jeff Triplett [@jefftriplett](https://github.com/jefftriplett)
 
-[unreleased]: https://github.com/westerveltco/django-simple-nav/compare/v0.4.0...HEAD
+[unreleased]: https://github.com/westerveltco/django-simple-nav/compare/v0.5.0...HEAD
 [0.1.0]: https://github.com/westerveltco/django-simple-nav/releases/tag/v0.1.0
 [0.2.0]: https://github.com/westerveltco/django-simple-nav/releases/tag/v0.2.0
 [0.3.0]: https://github.com/westerveltco/django-simple-nav/releases/tag/v0.3.0
 [0.4.0]: https://github.com/westerveltco/django-simple-nav/releases/tag/v0.4.0
+[0.5.0]: https://github.com/westerveltco/django-simple-nav/releases/tag/v0.5.0
diff --git a/pyproject.toml b/pyproject.toml
index 715e821..8f01328 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -71,7 +71,7 @@ Source = "https://github.com/westerveltco/django-simple-nav"
 [tool.bumpver]
 commit = true
 commit_message = ":bookmark: bump version {old_version} -> {new_version}"
-current_version = "0.4.0"
+current_version = "0.5.0"
 push = false  # set to false for CI
 tag = false
 version_pattern = "MAJOR.MINOR.PATCH[PYTAGNUM]"
diff --git a/src/django_simple_nav/__init__.py b/src/django_simple_nav/__init__.py
index 1cb4493..e8c7d85 100644
--- a/src/django_simple_nav/__init__.py
+++ b/src/django_simple_nav/__init__.py
@@ -1,4 +1,4 @@
 from __future__ import annotations
 
-__version__ = "0.4.0"
+__version__ = "0.5.0"
 __template_version__ = "2024.13"
diff --git a/tests/test_version.py b/tests/test_version.py
index 4c82ca2..228ad23 100644
--- a/tests/test_version.py
+++ b/tests/test_version.py
@@ -4,4 +4,4 @@
 
 
 def test_version():
-    assert __version__ == "0.4.0"
+    assert __version__ == "0.5.0"