diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2c7b6f9..73752a1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,13 @@
 
 ### Deprecated
 
+
+## [0.5.0]
+
+### Changed
+- [[#113]](https://github.com/rust-vmm/vhost/pull/113) Improved error messages.
+- [[#115]](https://github.com/rust-vmm/vhost/pull/115) Use caret requirements for dependencies.
+
 ## [v0.4.0]
 
 ### Added
diff --git a/Cargo.toml b/Cargo.toml
index f888a83..af6bd3b 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "vhost"
-version = "0.4.0"
+version = "0.5.0"
 keywords = ["vhost", "vhost-user", "virtio", "vdpa"]
 description = "a pure rust library for vdpa, vhost and vhost-user"
 authors = ["Liu Jiang <gerry@linux.alibaba.com>"]