diff --git a/.changelog/unreleased/breaking-changes/23-component-cfg.md b/.changelog/v0.5.0/breaking-changes/23-component-cfg.md
similarity index 100%
rename from .changelog/unreleased/breaking-changes/23-component-cfg.md
rename to .changelog/v0.5.0/breaking-changes/23-component-cfg.md
diff --git a/.changelog/v0.5.0/summary.md b/.changelog/v0.5.0/summary.md
new file mode 100644
index 0000000..f3c0946
--- /dev/null
+++ b/.changelog/v0.5.0/summary.md
@@ -0,0 +1,4 @@
+*23 June 2022*
+
+This release includes a minor footgun guardrail and some minor improvements to
+the way I/O errors are reported.
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4f12ff9..ae838ce 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # CHANGELOG
 
+## v0.5.0
+
+*23 June 2022*
+
+This release includes a minor footgun guardrail and some minor improvements to
+the way I/O errors are reported.
+
+### BREAKING CHANGES
+
+- It is now required to add components to your `config.toml`
+  file prior to creating entries referencing those components
+  ([#23](https://github.com/informalsystems/unclog/issues/23))
+
 ## v0.4.1
 
 Just one minor bug fix relating to component rendering.
diff --git a/Cargo.lock b/Cargo.lock
index 0b0d758..4d4389f 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -727,7 +727,7 @@ checksum = "56dee185309b50d1f11bfedef0fe6d036842e3fb77413abef29f8f8d1c5d4c1c"
 
 [[package]]
 name = "unclog"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "env_logger",
  "git2",
diff --git a/Cargo.toml b/Cargo.toml
index d3d9568..6f56f77 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "unclog"
-version = "0.4.1"
+version = "0.5.0"
 authors = ["Thane Thomson <thane@informal.systems>"]
 edition = "2021"
 license = "Apache-2.0"