diff --git a/CHANGELOG.md b/CHANGELOG.md
index f67be0446..a6fefa3c3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,13 @@
 ## [Unreleased]
 
 
+## [5.0.1] - 2021-08-13
+
+### Fixed
+
+- Fix TimberArgCount lint check false positive on some calls to `String.format`.
+
+
 ## [5.0.0] - 2021-08-10
 
 The library has been rewritten in Kotlin, but it remains binary-compatible with 4.x.
@@ -241,7 +248,8 @@ Initial cut. (Get it?)
 
 
 
-[Unreleased]: https://github.com/JakeWharton/timber/compare/5.0.0...HEAD
+[Unreleased]: https://github.com/JakeWharton/timber/compare/5.0.1...HEAD
+[5.0.1]: https://github.com/JakeWharton/timber/releases/tag/5.0.1
 [5.0.0]: https://github.com/JakeWharton/timber/releases/tag/5.0.0
 [4.7.1]: https://github.com/JakeWharton/timber/releases/tag/4.7.1
 [4.7.0]: https://github.com/JakeWharton/timber/releases/tag/4.7.0
diff --git a/README.md b/README.md
index bcb5668b4..24c724371 100644
--- a/README.md
+++ b/README.md
@@ -88,7 +88,7 @@ repositories {
 }
 
 dependencies {
-  implementation 'com.jakewharton.timber:timber:5.0.0'
+  implementation 'com.jakewharton.timber:timber:5.0.1'
 }
 ```
 
diff --git a/gradle.properties b/gradle.properties
index 0f3f202df..090dfa561 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,7 +1,7 @@
 GROUP=com.jakewharton.timber
 
 # HEY! If you change the major version here be sure to update release.yaml doc target folder!
-VERSION_NAME=5.1.0-SNAPSHOT
+VERSION_NAME=5.0.1
 
 POM_DESCRIPTION=No-nonsense injectable logging.