diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5bf7f3c..f41e022 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,10 @@
 
 <!--next-version-placeholder-->
 
+## v0.5.0 (2022-07-24)
+### Feature
+* New bindkey_verified variable to track whether encryption is working ([`dc622a5`](https://github.com/Bluetooth-Devices/xiaomi-ble/commit/dc622a511e1909d96d706b77ff86c8ad1905bda0))
+
 ## v0.4.1 (2022-07-24)
 ### Fix
 * Hide encrypted devices on macOS where we don't know MAC address (for now) ([`20d0e62`](https://github.com/Bluetooth-Devices/xiaomi-ble/commit/20d0e62939907b8d58888cd346bda5f3365f943c))
diff --git a/pyproject.toml b/pyproject.toml
index 834ca9c..4921507 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "xiaomi-ble"
-version = "0.4.1"
+version = "0.5.0"
 description = "Manage Xiaomi BLE devices"
 authors = ["John Carr <john.carr@unrouted.co.uk>"]
 license = "Apache Software License 2.0"
diff --git a/src/xiaomi_ble/__init__.py b/src/xiaomi_ble/__init__.py
index 124cc68..27a1d64 100644
--- a/src/xiaomi_ble/__init__.py
+++ b/src/xiaomi_ble/__init__.py
@@ -19,7 +19,7 @@
 
 from .parser import XiaomiBluetoothDeviceData
 
-__version__ = "0.4.1"
+__version__ = "0.5.0"
 
 __all__ = [
     "XiaomiBluetoothDeviceData",