diff --git a/CHANGELOG.md b/CHANGELOG.md
index 08511a3882ec..e2fbded82215 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+### Version 0.5.8 (3 February 2017)
+* Fixed a bug in [debugging single files without a launch configuration](https://code.visualstudio.com/updates/v1_9#_debugging-without-a-launch-configuration) [#700](https://github.com/DonJayamanne/pythonVSCode/issues/700)  
+* Fixed error when starting REPL [#692](https://github.com/DonJayamanne/pythonVSCode/issues/692)  
+
 ### Version 0.5.7 (3 February 2017)
 * Added support for [debugging single files without a launch configuration](https://code.visualstudio.com/updates/v1_9#_debugging-without-a-launch-configuration)  
 * Adding support for debug snippets [#660](https://github.com/DonJayamanne/pythonVSCode/issues/660)  
diff --git a/README.md b/README.md
index 59d24c466fbe..2651fe7c0a7e 100644
--- a/README.md
+++ b/README.md
@@ -102,6 +102,10 @@ For further information and details continue through to the [documentation](http
 ## [Roadmap](https://donjayamanne.github.io/pythonVSCodeDocs/docs/roadmap/)
 
 ## [Change Log](https://github.com/DonJayamanne/pythonVSCode/blob/master/CHANGELOG.md)
+### Version 0.5.8 (3 February 2017)
+* Fixed a bug in [debugging single files without a launch configuration](https://code.visualstudio.com/updates/v1_9#_debugging-without-a-launch-configuration) [#700](https://github.com/DonJayamanne/pythonVSCode/issues/700)  
+* Fixed error when starting REPL [#692](https://github.com/DonJayamanne/pythonVSCode/issues/692)  
+
 ### Version 0.5.7 (3 February 2017)
 * Added support for [debugging single files without a launch configuration](https://code.visualstudio.com/updates/v1_9#_debugging-without-a-launch-configuration)  
 * Adding support for debug snippets [#660](https://github.com/DonJayamanne/pythonVSCode/issues/660)  
diff --git a/package.json b/package.json
index ad50e0611409..36bf71e13f13 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
 	"name": "python",
 	"displayName": "Python",
 	"description": "Linting, Debugging (multi-threaded, remote), Intellisense, code formatting, refactoring, unit tests, snippets, Data Science (with Jupyter), PySpark and more.",
-	"version": "0.5.7",
+	"version": "0.5.8",
 	"publisher": "donjayamanne",
 	"author": {
 		"name": "Don Jayamanne",