diff --git a/CHANGELOG.mkd b/CHANGELOG.mkd
index 2601f405..61adee14 100644
--- a/CHANGELOG.mkd
+++ b/CHANGELOG.mkd
@@ -3,13 +3,16 @@ CHANGELOG
 
 Unreleased
 ----------
-- allow librarian exclusion declaration as a noop
+
+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)
 - Replace deprecated action: actions/setup-ruby->ruby/setup-ruby [#1406](https://github.com/puppetlabs/r10k/pull/1406)
 - Ensure git repositories are pruned on fetch [#1410](https://github.com/puppetlabs/r10k/pull/1410)
 - Limit Rugged Control Repo refspec to only clone refs/heads [#1412](https://github.com/puppetlabs/r10k/pull/1412)
+- Allow librarian exclusion declaration as a noop
 
 4.1.0
 -----
diff --git a/lib/r10k/version.rb b/lib/r10k/version.rb
index ece4b686..30e9fdd9 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