diff --git a/CHANGES.md b/CHANGES.md
index 77566e18..81764255 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -2,7 +2,13 @@
 
 ## [Unreleased]
 
-[Unreleased]: https://github.com/nchammas/flintrock/compare/v0.4.0...master
+Nothing notable yet.
+
+[Unreleased]: https://github.com/nchammas/flintrock/compare/v0.5.0...master
+
+## [0.5.0] - 2016-07-20
+
+[0.5.0]: https://github.com/nchammas/flintrock/compare/v0.4.0...v0.5.0
 
 ### Added
 
diff --git a/flintrock/__init__.py b/flintrock/__init__.py
index 909a526b..88f1a693 100644
--- a/flintrock/__init__.py
+++ b/flintrock/__init__.py
@@ -1,2 +1,2 @@
 # See: https://packaging.python.org/en/latest/distributing/#standards-compliance-for-interoperability
-__version__ = '0.5.0.dev0'
+__version__ = '0.5.0'
diff --git a/make-release.sh b/make-release.sh
index fd804a74..57101472 100644
--- a/make-release.sh
+++ b/make-release.sh
@@ -1,3 +1,4 @@
+# Run full acceptance tests
 # Update Flintrock version
 # Update CHANGES
 # Tag release on GitHub