diff --git a/CHANGELOG.d/breaking_overwrite-readme-only.md b/CHANGELOG.d/breaking_overwrite-readme-only.md
deleted file mode 100644
index 4b1605e..0000000
--- a/CHANGELOG.d/breaking_overwrite-readme-only.md
+++ /dev/null
@@ -1,11 +0,0 @@
-* Replace `--force` with `--overwrite-dir-readme` flag
-
-  Previously, `--force` would overwrite both the `CHANGELOG.md` file
-  and the `CHANGELOG.d/README.md` files. However, if a `CHANGELOG.md` file exists,
-  it's likely because one is already using some changelog file in the first place.
-  Thus, overwriting it would be annoying and unhelpful.
-
-  This CLI args and `init` command's logic have been tweaked, so that only the
-  `CHANGELOG.d/README.md` file can be overwritten. If the `CHANGELOG.md` file exists,
-  then we only check whether the `update` command will work in the future by seeing
-  whether the file can be split into two parts: the preamble and everything else.
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index ed89695..089f60b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,45 @@
 
 Notable changes to this project are documented in this file. The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/) and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html). This file is updated via [purs-changelog](https://github.com/JordanMartinez/purescript-up-changelog)
 
+## 0.5.0
+
+Breaking changes:
+
+* Replace `--force` with `--overwrite-dir-readme` flag (#14 by @JordanMartinez)
+
+  Previously, `--force` would overwrite both the `CHANGELOG.md` file
+  and the `CHANGELOG.d/README.md` files. However, if a `CHANGELOG.md` file exists,
+  it's likely because one is already using some changelog file in the first place.
+  Thus, overwriting it would be annoying and unhelpful.
+
+  This CLI args and `init` command's logic have been tweaked, so that only the
+  `CHANGELOG.d/README.md` file can be overwritten. If the `CHANGELOG.md` file exists,
+  then we only check whether the `update` command will work in the future by seeing
+  whether the file can be split into two parts: the preamble and everything else.
+
+* Use shared prefix, `from`, for CLI version args (#18 by @JordanMartinez)
+
+  - `--package-json` -> `--from-package-json`
+  - `--cabal` -> `--from-cabal`
+  - `--explicit-version` -> `--from-version`
+
+New Features:
+
+* Added `--dry-run` flag (#20 by @JordanMartinez)
+
+  See what the new section in the changelog will be before committing it
+
+* Added `--from-custom` (#19 by @JordanMartinez)
+
+  Allow user to use custom string for version header
+
+Internal:
+
+* Update Node libraries to latest release (#17 by @JordanMartinez)
+* Update PureScript libraries and package set to latest releases (#17 by @JordanMartinez)
+* Optimize PureScript output via `purs-backend-es` (#17 by @JordanMartinez)
+* Add tests verifying that code works (#18 by @JordanMartinez)
+
 ## 0.4.0
 
 Breaking changes:
diff --git a/RELEASE_GUIDE.md b/RELEASE_GUIDE.md
index 1607794..9d124fa 100644
--- a/RELEASE_GUIDE.md
+++ b/RELEASE_GUIDE.md
@@ -12,7 +12,7 @@ git add package.json bin/Main.purs
 git commit -m "Update version"
 
 npm run bundle
-./bin/index.js update
+./bin/index.mjs update
 git commit -m "Update changelog"
 
 gh pr create
diff --git a/bin/Main.purs b/bin/Main.purs
index 1b08bf3..4f65771 100644
--- a/bin/Main.purs
+++ b/bin/Main.purs
@@ -45,7 +45,7 @@ main = do
           launchAff_ $ runApp init { logger: mkLogger logType, cli: options }
 
 version :: String
-version = "0.4.0"
+version = "0.5.0"
 
 mkLogger :: LoggerType -> Logger Effect
 mkLogger = case _ of
diff --git a/package-lock.json b/package-lock.json
index 723ef20..8982fa1 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "purs-changelog",
-  "version": "0.4.0",
+  "version": "0.5.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "purs-changelog",
-      "version": "0.4.0",
+      "version": "0.5.0",
       "license": "MIT",
       "bin": {
         "purs-changelog": "bin/index.js"
diff --git a/package.json b/package.json
index 3dd0bc3..7328e7a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "uplog",
-  "version": "0.4.0",
+  "version": "0.5.0",
   "description": "A maintainer and contributor-friendly tool for generating a human-readable CHANGELOG.md",
   "bin": {
     "uplog": "bin/index.mjs"