diff --git a/falco-exporter/CHANGELOG.md b/falco-exporter/CHANGELOG.md
index 6fb7f7d90..232b542b2 100644
--- a/falco-exporter/CHANGELOG.md
+++ b/falco-exporter/CHANGELOG.md
@@ -3,6 +3,13 @@
 This file documents all notable changes to `falco-exporter` Helm Chart. The release
 numbering uses [semantic versioning](http://semver.org).
 
+## v0.5.0
+
+### Minor Changes
+
+* Upgrade falco-exporter version to v0.5.0
+* Add metrics about Falco drops
+* Make `unix://` prefix optional
 ## v0.4.2
 
 ### Minor Changes
diff --git a/falco-exporter/Chart.yaml b/falco-exporter/Chart.yaml
index 038637e72..262a2fba1 100644
--- a/falco-exporter/Chart.yaml
+++ b/falco-exporter/Chart.yaml
@@ -14,11 +14,11 @@ type: application
 
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
-version: 0.4.2
+version: 0.5.0
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
-appVersion: 0.3.0
+appVersion: 0.5.0
 
 keywords:
   - monitoring
diff --git a/falco-exporter/values.yaml b/falco-exporter/values.yaml
index 91b928635..c12397dcd 100644
--- a/falco-exporter/values.yaml
+++ b/falco-exporter/values.yaml
@@ -21,7 +21,7 @@ probesPort: 19376
 
 image:
   repository: falcosecurity/falco-exporter
-  tag: 0.4.1
+  tag: 0.5.0
   pullPolicy: IfNotPresent
 
 imagePullSecrets: []