diff --git a/Makefile b/Makefile
index aced52c1..72d8cb75 100644
--- a/Makefile
+++ b/Makefile
@@ -1,6 +1,6 @@
 
 # VERSION=$(shell git describe | sed 's/^v//')
-VERSION=0.4.2
+VERSION=0.5.0
 
 all: container
 
diff --git a/setup.py b/setup.py
index dac0ecfd..586c4b2b 100644
--- a/setup.py
+++ b/setup.py
@@ -4,7 +4,7 @@ import os
 with open("README.md", "r") as fh:
     long_description = fh.read()
 
-version = "0.4.2"
+version = "0.5.0"
 
 setuptools.setup(
     name="trustgraph",