diff --git a/version/description b/version/description
index 3a417c8e..1c920615 100644
--- a/version/description
+++ b/version/description
@@ -1,8 +1,9 @@
-v0.4.2
+v0.5.0
+
 Features:
-* ci, Add vendored-go to Makefile
-Bugs:
-* ci, Fix wrong Daemonset call in macvtap tests
+* Link pods to priority classes #42
+* Rename "master" API #41 to use inclusive language
+
 ```
-docker pull quay.io/kubevirt/macvtap-cni:v0.4.2
+docker pull quay.io/kubevirt/macvtap-cni:v0.5.0
 ```
diff --git a/version/version.go b/version/version.go
index a8f7b750..0ede0cbf 100644
--- a/version/version.go
+++ b/version/version.go
@@ -1,5 +1,5 @@
 package version
 
 var (
-	Version = "0.4.2"
+	Version = "0.5.0"
 )