diff --git a/DESCRIPTION b/DESCRIPTION
index fe687a633..6a7b94216 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,8 +1,8 @@
 Package: projpred
 Encoding: UTF-8
 Title: Projection Predictive Feature Selection
-Version: 2.4.0.9000
-Date: 2023-02-12
+Version: 2.5.0
+Date: 2023-04-05
 Authors@R: c(person("Juho", "Piironen", role = c("aut"),
                     email = "juho.t.piironen@gmail.com"),
              person("Markus", "Paasiniemi", role = "aut"),
diff --git a/NEWS.md b/NEWS.md
index 4ae160501..27606d0b0 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -2,7 +2,7 @@
 
 If you read this from a place other than <https://mc-stan.org/projpred/news/index.html>, please consider switching to that website since it features better formatting and cross-linking.
 
-# projpred 2.4.0.9000
+# projpred 2.5.0
 
 ## Minor changes