diff --git a/README.md b/README.md
index bdf779e4..a4984a77 100644
--- a/README.md
+++ b/README.md
@@ -50,14 +50,14 @@ To use DCM from a Maven-based project, use the following dependency:
 <dependency>
     <groupId>com.vmware.dcm</groupId>
     <artifactId>dcm</artifactId>
-    <version>0.4.0</version>
+    <version>0.5.0</version>
 </dependency>
 ```
 
 To use within a Gradle-based project:
 
 ```
-implementation 'com.vmware.dcm:dcm:0.4.0'
+implementation 'com.vmware.dcm:dcm:0.5.0'
 ```
 
 For now, one of DCM's dependencies is only available on Jcenter (we expect this to change soon). 
diff --git a/gradle.properties b/gradle.properties
index d17788f0..4d317f66 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,7 +1,7 @@
 commonSourceLevel = 12
 dcmGroupId = com.vmware.dcm
 dcmArtifactId = dcm
-dcmVersion = 0.5.0-SNAPSHOT
+dcmVersion = 0.5.0
 
 ## Dependency versions