diff --git a/Cargo.lock b/Cargo.lock
index 873c692..8967b23 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -493,7 +493,7 @@ dependencies = [
 
 [[package]]
 name = "event_store_canister"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "candid",
  "serde",
@@ -502,7 +502,7 @@ dependencies = [
 
 [[package]]
 name = "event_store_canister_impl"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "candid",
  "event_store_canister",
@@ -522,7 +522,7 @@ dependencies = [
 
 [[package]]
 name = "event_store_consumer"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "event_store_canister",
  "ic_principal",
@@ -530,7 +530,7 @@ dependencies = [
 
 [[package]]
 name = "event_store_consumer_agent_runtime"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "candid",
  "event_store_canister",
@@ -541,7 +541,7 @@ dependencies = [
 
 [[package]]
 name = "event_store_consumer_cdk_runtime"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "event_store_canister",
  "event_store_consumer",
@@ -552,7 +552,7 @@ dependencies = [
 
 [[package]]
 name = "event_store_producer"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "event_store_canister",
  "ic_principal",
@@ -563,7 +563,7 @@ dependencies = [
 
 [[package]]
 name = "event_store_producer_agent_runtime"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "candid",
  "event_store_canister",
@@ -577,7 +577,7 @@ dependencies = [
 
 [[package]]
 name = "event_store_producer_cdk_runtime"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "event_store_canister",
  "event_store_producer",
@@ -591,7 +591,7 @@ dependencies = [
 
 [[package]]
 name = "event_store_utils"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "serde",
 ]
@@ -1172,7 +1172,7 @@ dependencies = [
 
 [[package]]
 name = "integration_tests"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "candid",
  "event_store_canister",
diff --git a/Cargo.toml b/Cargo.toml
index 633630c..4206094 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -14,7 +14,7 @@ members = [
 resolver = "2"
 
 [workspace.package]
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 
 [workspace.dependencies]
diff --git a/rs/canister/CHANGELOG.md b/rs/canister/CHANGELOG.md
index 1ad1861..5d4c46f 100644
--- a/rs/canister/CHANGELOG.md
+++ b/rs/canister/CHANGELOG.md
@@ -6,6 +6,12 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
 ## [unreleased]
 
+## [[0.5.0](https://github.com/open-chat-labs/event-store/releases/tag/v0.4.0)] - 2024-09-02
+
+### Changed
+
+- Bump Rust, DFX, CDK and PocketIC versions ([#85](https://github.com/open-chat-labs/event-store/pull/85))
+
 ## [[0.4.0](https://github.com/open-chat-labs/event-store/releases/tag/v0.4.0)] - 2024-05-22
 
 ### Changed