diff --git a/CHANGELOG.md b/CHANGELOG.md
index c898af7..ac2c818 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,9 +4,10 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [0.5.0] - TBD
+## [0.5.0] - 2020-06-30
 - Upgrade to Telemetry SDK 0.6.1
 - Allow URI override to include or omit the full endpoint path component.
+- Close TelemetryClient upon NewRelicReporter.close()
 
 ## [0.4.0] - 2020-04-01
 - Contributed: `NewRelicReporterFactory` by [Steven Schwell](https://github.com/sschwell)
diff --git a/README.md b/README.md
index 926c171..da5fed8 100644
--- a/README.md
+++ b/README.md
@@ -9,16 +9,16 @@ please visit [the exporter specs documentation repo](https://github.com/newrelic
 
 `build.gradle:`
 ```
-compile("com.newrelic.telemetry:dropwizard-metrics-newrelic:0.4.0")
-compile("com.newrelic.telemetry:telemetry-http-okhttp:0.4.0")
+compile("com.newrelic.telemetry:dropwizard-metrics-newrelic:0.5.0")
+compile("com.newrelic.telemetry:telemetry-http-okhttp:0.5.0")
 ```
 
 or if you're using kotlin build gradle...
 
 `build.gradle.kts:`
 ```
-implementation("com.newrelic.telemetry:dropwizard-metrics-newrelic:0.4.0")
-implementation("com.newrelic.telemetry:telemetry-http-okhttp:0.4.0")
+implementation("com.newrelic.telemetry:dropwizard-metrics-newrelic:0.5.0")
+implementation("com.newrelic.telemetry:telemetry-http-okhttp:0.5.0")
 ```
 
 If you do not want to depend on okhttp, you can remove the dependency on `telemetry-http-okhttp`, 
@@ -131,7 +131,7 @@ For general querying information, see:
 
 #### Publish to Staging Repo
 
-To stage the release simply submit and merge a PR to update the [build.gradle.kts](build.gradle.kts) file with the version to be released (e.g. `version := "0.4.0"`).
+To stage the release simply submit and merge a PR to update the [build.gradle.kts](build.gradle.kts) file with the version to be released (e.g. `version := "0.5.0"`).
 
 Results of the job can be viewed here: https://dev.azure.com/NRAzurePipelines/Java%20CI/_build
 After the staging release job has run successfully it will publish the new artifact to a staging repository on Sonatype at: https://oss.sonatype.org/#stagingRepositories.
@@ -139,17 +139,17 @@ After the staging release job has run successfully it will publish the new artif
 #### Manually Release Staging Repo
 
 1. Find the staging repo on Sonatype, which should be named similar to `comnewrelic-nnnn`, and validate that the contents and version look correct.
-2. If the contents look correct, select the staging repo and choose `close`, leaving a comment such as `releasing 0.4.0`.
-3. When the staging repo is finished closing, select the staging repo and choose `release`, keeping the `Automatically Drop` checkbox checked, and leave a comment such as `releasing 0.4.0`.
+2. If the contents look correct, select the staging repo and choose `close`, leaving a comment such as `releasing 0.5.0`.
+3. When the staging repo is finished closing, select the staging repo and choose `release`, keeping the `Automatically Drop` checkbox checked, and leave a comment such as `releasing 0.5.0`.
 4. Verify that the artifact was published on Maven Central at: https://repo1.maven.org/maven2/com/newrelic/telemetry/dropwizard-metrics-newrelic/
 
 #### Post Release
 
 Submit and merge a PR with the following:
-* Update the [build.gradle.kts](build.gradle.kts) file with to a snapshot version of a potential future release (e.g. `version  := "0.4.1-SNAPSHOT"`).
+* Update the [build.gradle.kts](build.gradle.kts) file with to a snapshot version of a potential future release (e.g. `version  := "0.5.1-SNAPSHOT"`).
 * Update the [CHANGELOG](CHANGELOG.md) with details of the new release:
   ```markdown
-  ## [0.4.0]
+  ## [0.5.0]
   - Miscellaneous bug fixes and tweaks
   ```
 * Update the [Usage](#usage) example in the [README](README.md) with the newly released version (e.g. `implementation("com.newrelic.telemetry:dropwizard-metrics-newrelic:0.4.0")`).
diff --git a/gradle.properties b/gradle.properties
index b058dc9..9c54c20 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,4 +1,4 @@
-releaseVersion = 0.5.0-SNAPSHOT
+releaseVersion = 0.5.0
 
 # set this to true to enable using a local sonatype (for debugging publishing issues)
 # (start a local sonatype in docker with this command: $ docker run -d -p 8081:8081 --name nexus sonatype/nexus3)