diff --git a/CHANGELOG.md b/CHANGELOG.md
index 247612c..9c2d3bd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [0.5.0](https://github.com/GoogleCloudPlatform/cloud-sql-nodejs-connector/compare/v0.4.0...v0.5.0) (2023-07-11)
+
+
+### Features
+
+* add support to PSC ip type ([#150](https://github.com/GoogleCloudPlatform/cloud-sql-nodejs-connector/issues/150)) ([d3929cd](https://github.com/GoogleCloudPlatform/cloud-sql-nodejs-connector/commit/d3929cd2e8f6d62d7b2eeff5277d9f81f3a42eae))
+
 ## [0.4.0](https://github.com/GoogleCloudPlatform/cloud-sql-nodejs-connector/compare/v0.3.0...v0.4.0) (2023-06-13)
 
 
diff --git a/package-lock.json b/package-lock.json
index 2ab4a3d..bee9525 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@google-cloud/cloud-sql-connector",
-  "version": "0.4.0",
+  "version": "0.5.0",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "@google-cloud/cloud-sql-connector",
-      "version": "0.4.0",
+      "version": "0.5.0",
       "license": "Apache-2.0",
       "dependencies": {
         "@googleapis/sqladmin": "^9.1.0",
diff --git a/package.json b/package.json
index 083e86b..af516ef 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@google-cloud/cloud-sql-connector",
-  "version": "0.4.0",
+  "version": "0.5.0",
   "description": "A JavaScript library for connecting securely to your Cloud SQL instances",
   "author": "Google Inc.",
   "main": "./dist/cjs/index.js",