diff --git a/Cargo.lock b/Cargo.lock
index 25fec2de..b2b05de0 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -800,7 +800,7 @@ dependencies = [
 
 [[package]]
 name = "cargo-near"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "atty",
  "bs58 0.4.0",
@@ -842,7 +842,7 @@ version = "0.1.0"
 dependencies = [
  "borsh 0.9.3",
  "camino",
- "cargo-near 0.4.0",
+ "cargo-near 0.5.0",
  "clap 4.4.6",
  "color-eyre",
  "const_format",
diff --git a/cargo-near/CHANGELOG.md b/cargo-near/CHANGELOG.md
index 687d77ac..0c822dcb 100644
--- a/cargo-near/CHANGELOG.md
+++ b/cargo-near/CHANGELOG.md
@@ -6,6 +6,18 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.5.0](https://github.com/near/cargo-near/compare/cargo-near-v0.4.0...cargo-near-v0.5.0) - 2023-10-19
+
+### Added
+- New command - deploy ([#113](https://github.com/near/cargo-near/pull/113))
+- New command - create-dev-account ([#108](https://github.com/near/cargo-near/pull/108))
+
+### Fixed
+- `cargo near build` now works on Windows ([#110](https://github.com/near/cargo-near/pull/110))
+
+### Other
+- remove `#[ignore]` from parts of test suite, using `near-workspaces` ([#111](https://github.com/near/cargo-near/pull/111))
+
 ## [0.4.0](https://github.com/near/cargo-near/compare/cargo-near-v0.3.1...cargo-near-v0.4.0) - 2023-10-01
 
 ### Other
diff --git a/cargo-near/Cargo.toml b/cargo-near/Cargo.toml
index a326a927..66e6cf86 100644
--- a/cargo-near/Cargo.toml
+++ b/cargo-near/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "cargo-near"
-version = "0.4.0"
+version = "0.5.0"
 authors = ["Near Inc <hello@nearprotocol.com>"]
 edition = "2021"
 rust-version = "1.70.0"