diff --git a/CHANGELOG.md b/CHANGELOG.md
index d613347..45e5796 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+### v0.5.0 (17/01/17)
+
+- Adds support for Kubernetes 1.7
+- Adds a script for kazan developers to use for downloading new kubernetes open
+  API specs.
+
 ### v0.4.0 (17/01/17)
 
 #### Breaking Changes
diff --git a/mix.exs b/mix.exs
index 8cf9f24..6240cec 100644
--- a/mix.exs
+++ b/mix.exs
@@ -3,7 +3,7 @@ defmodule Kazan.Mixfile do
 
   def project do
     [app: :kazan,
-     version: "0.4.0",
+     version: "0.5.0",
      elixir: "~> 1.4",
      build_embedded: Mix.env == :prod,
      start_permanent: Mix.env == :prod,