diff --git a/CHANGELOG.md b/CHANGELOG.md
index bc664ca..52275a1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 0.5.0 / 2023-05-06
+
+* Update to Go 1.20 and update Go module dependencies (#13)
+
 ## 0.4.2 / 2022-12-07
 
 * Rename infiniband_switch_fan_status to infiniband_switch_fan_status_info (#11)
diff --git a/VERSION b/VERSION
index 2b7c5ae..8f0916f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.4.2
+0.5.0