diff --git a/DESCRIPTION b/DESCRIPTION
index 255cb236..5274571e 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: clock
 Title: Date-Time Types and Tools
-Version: 0.4.1.9000
+Version: 0.5.0
 Authors@R: 
     c(person(given = "Davis",
              family = "Vaughan",
diff --git a/NEWS.md b/NEWS.md
index 32f37462..16a91581 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# clock (development version)
+# clock 0.5.0
 
 * New `date_time_parse_RFC_3339()` and `sys_time_parse_RFC_3339()` for parsing
   date-time strings in the
diff --git a/cran-comments.md b/cran-comments.md
index ac7837df..0845fd97 100644
--- a/cran-comments.md
+++ b/cran-comments.md
@@ -9,6 +9,12 @@ We checked 2 reverse dependencies, comparing R CMD check results across CRAN and
  * We saw 0 new problems
  * We failed to check 0 packages
  
+## 0.5.0 Submission
+
+This is a minor release with a few new parsing functions, updates to the
+required version of tzdb, and a few small changes to default formatting output
+and parsing input.
+ 
 ## 0.4.1 Submission
 
 This is a patch release to support upcoming changes in testthat.