diff --git a/CHANGELOG.md b/CHANGELOG.md
index d18e93d55e93..166b08798124 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,7 +3,7 @@ All user visible changes to this project will be documented in this file.
 This project adheres to [Semantic Versioning](http://semver.org/), as described
 for Rust libraries in [RFC #1105](https://github.com/rust-lang/rfcs/blob/master/text/1105-api-evolution.md)
 
-## Unreleased
+## [0.5.0] 2016-02-05
 
 ### Added
 
diff --git a/README.md b/README.md
index 4e0d1c73ec52..cc63ac2a42c4 100644
--- a/README.md
+++ b/README.md
@@ -4,10 +4,6 @@ Diesel - A safe, extensible ORM and Query Builder for Rust
 [![Build Status](https://travis-ci.org/sgrif/diesel.svg)](https://travis-ci.org/sgrif/diesel)
 [![Gitter](https://badges.gitter.im/sgrif/diesel.svg)](https://gitter.im/sgrif/diesel?utm_source=badge&utm_medium=badge&utm_campaign=pr-badge)
 
-## Note: This README is for `master`, not the latest released version. You can find the readme for the latest release [here][latest-release-readme].
-
-[latest-release-readme]: https://github.com/sgrif/diesel/blob/v0.4.1/README.md
-
 [Documentation](http://docs.diesel.rs)
 
 Diesel gets rid of the boilerplate for database interaction and eliminates
diff --git a/diesel/Cargo.toml b/diesel/Cargo.toml
index 0ac4a2b01f1a..76c970e71c40 100644
--- a/diesel/Cargo.toml
+++ b/diesel/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "diesel"
-version = "0.4.1"
+version = "0.5.0"
 authors = ["Sean Griffin <sean@seantheprogrammer.com>"]
 license = "MIT OR Apache-2.0"
 description = "A safe, extensible ORM and Query builder"
diff --git a/diesel_cli/Cargo.toml b/diesel_cli/Cargo.toml
index 4529e163b951..002de3931f91 100644
--- a/diesel_cli/Cargo.toml
+++ b/diesel_cli/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "diesel_cli"
-version = "0.4.1"
+version = "0.5.0"
 authors = ["Sean Griffin <sean@seantheprogrammer.com>"]
 license = "MIT OR Apache-2.0"
 description = "Provides the CLI for the Diesel crate"
@@ -15,7 +15,7 @@ name = "diesel"
 [dependencies]
 chrono = "^0.2.17"
 clap = "^1.5.5"
-diesel = { path = "../diesel", features = ["postgres", "sqlite"] }
+diesel = { version = "0.5.0", features = ["postgres", "sqlite"] }
 dotenv = "^0.8.0"
 
 [dev-dependencies]
diff --git a/diesel_codegen/Cargo.toml b/diesel_codegen/Cargo.toml
index 600843b43206..ea4b727a748c 100644
--- a/diesel_codegen/Cargo.toml
+++ b/diesel_codegen/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "diesel_codegen"
-version = "0.4.1"
+version = "0.5.0"
 authors = ["Sean Griffin <sean@seantheprogrammer.com>"]
 license = "MIT OR Apache-2.0"
 build = "build.rs"
@@ -17,7 +17,7 @@ syntex_syntax = { version = "^0.26.0", optional = true }
 [dependencies]
 syntex = { version = "^0.26.0", optional = true }
 syntex_syntax = { version = "^0.26.0", optional = true }
-diesel = { path = "../diesel", default-features = false }
+diesel = { version = "0.5.0", default-features = false }
 
 [features]
 default = ["with-syntex", "postgres"]
diff --git a/diesel_codegen/README.md b/diesel_codegen/README.md
index 26608c741e98..654547be765e 100644
--- a/diesel_codegen/README.md
+++ b/diesel_codegen/README.md
@@ -6,18 +6,14 @@ Provides various macros and annotations for
 boilerplate needing to be written. It can be used through `rustc_plugin`, or
 `syntex` on stable.
 
-## Note: This README is for `master`, not the latest released version. You can find the readme for the latest release [here][latest-release-readme].
-
-[latest-release-readme]: https://github.com/sgrif/diesel/blob/v0.4.1/diesel_codegen/README.md
-
 Using on nightly
 ----------------
 
-Make sure you're on a nightly from 2015-11-27 or later, we don't compile on earlier versions. To use with nightly, you'll want to turn off the default features. Add this
+Make sure you're on a nightly from 2016-01-23 or later, we don't compile on earlier versions. To use with nightly, you'll want to turn off the default features. Add this
 line to your dependencies section in `Cargo.toml`
 
 ```toml
-diesel_codegen = { version = "^0.4.0", default-features = false, features = ["nightly"] }
+diesel_codegen = { version = "0.5.0", default-features = false, features = ["nightly"] }
 ```
 
 Then you'll need to add two lines to the root of your crate.
@@ -37,8 +33,8 @@ build any modules using our annotations. Add the following to your
 build-dependencies.
 
 ```toml
-diesel_codegen = "^0.4.0"
-syntex = "^0.26.0"
+diesel_codegen = "0.5.0"
+syntex = "0.26.0"
 ```
 
 You'll need to move any code using annotations into a different file.