diff --git a/CHANGELOG.md b/CHANGELOG.md
index 783a4e8..4ff9be8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,10 @@ single running list until the first versioned release.
 
 ## Unreleased
 
+_Nothing yet._
+
+## 0.5.0
+
 - **Fix:** un-muting during an active QSO left the LED **off** instead of returning
   to **green**. On un-mute the green RX LED is now restored from the current receive
   state (active DMR slot or FM/digital signal), so an in-progress call lights green
diff --git a/MDUV380_firmware/application/include/freetrxVersion.h b/MDUV380_firmware/application/include/freetrxVersion.h
index f158642..d3c6a5b 100644
--- a/MDUV380_firmware/application/include/freetrxVersion.h
+++ b/MDUV380_firmware/application/include/freetrxVersion.h
@@ -5,9 +5,9 @@
 #define _FREETRX_VERSION_H_
 
 #define FREETRX_VERSION_MAJOR   0
-#define FREETRX_VERSION_MINOR   4
+#define FREETRX_VERSION_MINOR   5
 #define FREETRX_VERSION_PATCH   0
 
-#define FREETRX_VERSION         "0.4.0"
+#define FREETRX_VERSION         "0.5.0"
 
 #endif // _FREETRX_VERSION_H_