diff --git a/lambda_uploader/__init__.py b/lambda_uploader/__init__.py
index 0e48aa0..a0acbe8 100644
--- a/lambda_uploader/__init__.py
+++ b/lambda_uploader/__init__.py
@@ -13,7 +13,7 @@
 # limitations under the License.
 
 __title__ = 'lambda_uploader'
-__version__ = '0.4.0'
+__version__ = '0.5.0'
 __license__ = 'Apache 2.0'
 __copyright__ = 'Copyright Rackspace US, Inc. 2015'
 __url__ = 'https://github.com/rackerlabs/lambda-uploader'
diff --git a/setup.py b/setup.py
index 4e33348..4f329ae 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@
 from setuptools import setup, find_packages
 
 DEPENDENCIES = [
-    'boto3==1.1.4',
+    'boto3==1.2.2',
     'virtualenv',
 ]