diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 4cff5b9..f1c1e58 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.4.2"
+  ".": "0.5.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index a8cab11..c65d135 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## 0.5.0 (2024-01-18)
+
+<!-- Release notes generated using configuration in .github/release.yaml at main -->
+
+## What's Changed
+### Exciting New Features 🎉
+* feat: Use latest ACR and GCR credential helpers by @jimmidyson in https://github.com/mesosphere/dynamic-credential-provider/pull/246
+
+
+**Full Changelog**: https://github.com/mesosphere/dynamic-credential-provider/compare/v0.4.2...v0.5.0
+
 ## 0.4.2 (2024-01-16)
 
 <!-- Release notes generated using configuration in .github/release.yaml at main -->