diff --git a/build/.goreleaser.yml b/build/.goreleaser.yml
index 5632fbfbde..41bd255345 100644
--- a/build/.goreleaser.yml
+++ b/build/.goreleaser.yml
@@ -28,7 +28,7 @@ scoop:
     email: support@timescale.com
 
 nfpms:
-  - builds: 
+  - builds:
     - promscale
     formats:
       - rpm
@@ -77,7 +77,7 @@ nfpms:
       preinstall: "build/scripts/preinstall.sh"
       postinstall: "build/scripts/postinstall.sh"
       postremove: "build/scripts/postremove.sh"
-        
+
 
 archives:
 - format: binary
@@ -93,7 +93,7 @@ archives:
   format: binary
   builds:
   - prom-migrator
-  name_template: "{{ .Binary }}_0.0.1_{{ .Os }}_{{ .Arch }}{{ if .Arm }}v{{ .Arm }}{{ end }}{{ if .Mips }}_{{ .Mips }}{{ end }}"
+  name_template: "{{ .Binary }}_0.0.2_beta_{{ .Os }}_{{ .Arch }}{{ if .Arm }}v{{ .Arm }}{{ end }}{{ if .Mips }}_{{ .Mips }}{{ end }}"
   replacements:
     darwin: Darwin
     linux: Linux
@@ -154,7 +154,7 @@ dockers:
   - pkg
   - cmd
   image_templates:
-  - "timescale/prom-migrator:0.0.1"
+  - "timescale/prom-migrator:0.0.2-beta"
   - "timescale/prom-migrator:latest"
 
 docker_manifests:
diff --git a/deploy/static/deploy.yaml b/deploy/static/deploy.yaml
index 83f5102fd3..512128874c 100644
--- a/deploy/static/deploy.yaml
+++ b/deploy/static/deploy.yaml
@@ -6,7 +6,7 @@ metadata:
   name: promscale-connector
   labels:
     app: promscale
-    chart: promscale-0.4.1
+    chart: promscale-0.5.0
     release: promscale
     heritage: Helm
   annotations:
@@ -27,7 +27,7 @@ metadata:
   name: promscale
   labels:
     app: promscale
-    chart: promscale-0.4.1
+    chart: promscale-0.5.0
     release: promscale
     heritage: Helm
 spec:
diff --git a/helm-chart/Chart.yaml b/helm-chart/Chart.yaml
index bfd2839b6d..d8233bdecc 100644
--- a/helm-chart/Chart.yaml
+++ b/helm-chart/Chart.yaml
@@ -1,4 +1,4 @@
 name: promscale
-version: 0.4.1
+version: 0.5.0
 apiVersion: v2
 description: Promscale Connector deployment
diff --git a/pkg/internal/testhelpers/containers.go b/pkg/internal/testhelpers/containers.go
index ec587a3e01..1b3eb9d419 100644
--- a/pkg/internal/testhelpers/containers.go
+++ b/pkg/internal/testhelpers/containers.go
@@ -37,7 +37,7 @@ const (
 	Superuser   = true
 	NoSuperuser = false
 
-	LatestDBWithPromscaleImageBase = "cevian/promscale-extension"
+	LatestDBWithPromscaleImageBase = "timescaledev/promscale-extension"
 )
 
 var (
diff --git a/pkg/version/version.go b/pkg/version/version.go
index 201aa077a9..6d6f81dd8c 100644
--- a/pkg/version/version.go
+++ b/pkg/version/version.go
@@ -37,8 +37,8 @@ var (
 	// since an app version must uniquely determine the state of the schema.
 	// It is customary to bump the version by incrementing the numeral after
 	// the `dev` tag. The SQL migration script name must correspond to the /new/ version.
-	Promscale                           = "0.4.2-dev.4"
-	PromMigrator                        = "0.0.2-beta.0"
+	Promscale                           = "0.5.0"
+	PromMigrator                        = "0.0.2-beta"
 	CommitHash                          = ""
 	EarliestUpgradeTestVersion          = "0.1.0"
 	EarliestUpgradeTestVersionMultinode = "0.1.4" //0.1.4 earliest version that supports tsdb 2.0