diff --git a/CHANGELOG.md b/CHANGELOG.md
index 11dd286..3b1306f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,10 +2,12 @@
 
 ## Unreleased
 
+# 0.5.0 -- 2020-05-20
+
 - Minimal rust version was bumped to 1.40.0
 - Add support for `UTF8_STRING` mime type
-- Clipboard now works only with extern display
-- Clipboard now works only with last observed seats, instead of optionally accepting seat names
+- **Breaking** Clipboard now works only with extern display
+- **Breaking** Clipboard now works only with last observed seats, instead of optionally accepting seat names
 
 ## 0.4.0 -- 2020-03-09
 
diff --git a/Cargo.toml b/Cargo.toml
index e5ff7ae..8835361 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "smithay-clipboard"
-version = "0.4.0"
-authors = ["Kirill Chibisov <contact@kchibisov.com>", "Lucas Timmins <timmins.s.lucas@gmail.com>", "Victor Berger <victor.berger@m4x.org>"]
+version = "0.5.0"
+authors = ["Kirill Chibisov <contact@kchibisov.com>", "Victor Berger <victor.berger@m4x.org>", "Lucas Timmins <timmins.s.lucas@gmail.com>"]
 edition = "2018"
 description = "Provides access to the wayland clipboard for client applications."
 repository = "https://github.com/smithay/smithay-clipboard"