diff --git a/CHANGELOG.md b/CHANGELOG.md
index 44ee8417..b56cf185 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,8 @@ All notable changes to SkillEvaluator are documented in this file.
 
 ## Unreleased
 
+## 0.5.0 - 2026-10-06
+
 ### Added
 
 - Transparent HTTP 429 (rate-limiting), transient 5xx, and timeout recovery for
diff --git a/CITATION.cff b/CITATION.cff
index d046d0cc..8d42f944 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -2,7 +2,7 @@ cff-version: 1.2.0
 message: "If you use SkillEvaluator in academic or technical work, please cite the methodology paper under preferred-citation and record the SkillEvaluator version used for reproducibility."
 title: "SkillEvaluator"
 type: software
-version: "0.4.0"
+version: "0.5.0"
 authors:
   - name: "NVIDIA Corporation"
 license: Apache-2.0
diff --git a/docs/developer-guide.mdx b/docs/developer-guide.mdx
index 47c5f2f3..4e386fec 100644
--- a/docs/developer-guide.mdx
+++ b/docs/developer-guide.mdx
@@ -143,7 +143,7 @@ cff-version: 1.2.0
 message: "If you use SkillEvaluator in academic or technical work, please cite this software."
 title: "SkillEvaluator"
 type: software
-version: "0.4.0"
+version: "0.5.0"
 authors:
   - name: "NVIDIA Corporation"
 license: Apache-2.0
diff --git a/pyproject.toml b/pyproject.toml
index db8eee76..6c93450f 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -7,7 +7,7 @@ requires = ["setuptools >= 77", "wheel"]
 
 [project]
 name = "skillevaluator"
-version = "0.4.0"
+version = "0.5.0"
 description = "Multi-tier framework for evaluating AI agent skills with quality gates, semantic overlap detection, synthetic evaluation dataset generation, and live agent evaluation."
 authors = [{ name = "NVIDIA Corporation" }]
 readme = "README.md"
diff --git a/src/skillevaluator/__init__.py b/src/skillevaluator/__init__.py
index d4360f55..d54a1889 100644
--- a/src/skillevaluator/__init__.py
+++ b/src/skillevaluator/__init__.py
@@ -10,6 +10,6 @@
 try:
     __version__ = version("skillevaluator")
 except PackageNotFoundError:
-    __version__ = "0.4.0"
+    __version__ = "0.5.0"
 
 __all__ = ["__version__"]
diff --git a/uv.lock b/uv.lock
index 7b242466..ca4f830d 100644
--- a/uv.lock
+++ b/uv.lock
@@ -1823,7 +1823,7 @@ wheels = [
 
 [[package]]
 name = "skillevaluator"
-version = "0.4.0"
+version = "0.5.0"
 source = { editable = "." }
 dependencies = [
     { name = "click" },