diff --git a/CHANGELOG.mkd b/CHANGELOG.mkd
index c61d77446..ece23043b 100644
--- a/CHANGELOG.mkd
+++ b/CHANGELOG.mkd
@@ -4,8 +4,12 @@ CHANGELOG
 Unreleased
 ----------
 
+5.0.0
+-----
+
 - Add Ruby 3.3 to CI [#1403](https://github.com/puppetlabs/r10k/pull/1403)
 - Require Ruby 3.1 [#1402](https://github.com/puppetlabs/r10k/pull/1402)
+- Support minitar gem > 1.0. [#1407](https://github.com/puppetlabs/r10k/pull/1407)
 
 4.1.0
 -----
diff --git a/lib/r10k/version.rb b/lib/r10k/version.rb
index ece4b6865..30e9fdd98 100644
--- a/lib/r10k/version.rb
+++ b/lib/r10k/version.rb
@@ -2,5 +2,5 @@ module R10K
   # When updating to a new major (X) or minor (Y) version, include `#major` or
   # `#minor` (respectively) in your commit message to trigger the appropriate
   # release. Otherwise, a new patch (Z) version will be released.
-  VERSION = '4.1.0'
+  VERSION = '5.0.0'
 end