diff --git a/DESCRIPTION b/DESCRIPTION
index 46b36b66..ae0b51ab 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: cpp11
 Title: A C++11 Interface for R's C Interface
-Version: 0.4.7.9000
+Version: 0.5.0
 Authors@R:
     c(
       person("Davis", "Vaughan", email = "davis@posit.co", role = c("aut", "cre"), comment = c(ORCID = "0000-0003-4777-038X")),
diff --git a/NEWS.md b/NEWS.md
index 4087d200..2e97c50a 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# cpp11 (development version)
+# cpp11 0.5.0
 
 ## R non-API related changes