diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9e03152c03a..292c08fb8c2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## [0.5.0](https://github.com/noir-lang/noir/compare/v0.4.1...v0.5.0) (2023-04-28)
+
+
+### ⚠ BREAKING CHANGES
+
+* Switch to aztec_backend that uses upstream BB & UltraPlonk ([#1114](https://github.com/noir-lang/noir/issues/1114))
+
+### Features
+
+* **noir:** added `distinct` keyword ([#1219](https://github.com/noir-lang/noir/issues/1219)) ([3a65f30](https://github.com/noir-lang/noir/commit/3a65f304c25e8239f9735ce1e6dee29d7eecc244))
+* **noir:** added assert keyword ([#1227](https://github.com/noir-lang/noir/issues/1227)) ([0dc2cac](https://github.com/noir-lang/noir/commit/0dc2cac5bc26d277a0e6377fd774e0ec9c8d3531))
+* Switch to aztec_backend that uses upstream BB & UltraPlonk ([#1114](https://github.com/noir-lang/noir/issues/1114)) ([f14fe0b](https://github.com/noir-lang/noir/commit/f14fe0b97e75eb5be39a48675149cf08d718abf6))
+
+
+### Bug Fixes
+
+* **wasm:** add std after dependencies ([#1245](https://github.com/noir-lang/noir/issues/1245)) ([55ef8a2](https://github.com/noir-lang/noir/commit/55ef8a2d3246a5edbf11a605c092b09151b120e6))
+
 ## [0.4.1](https://github.com/noir-lang/noir/compare/v0.4.0...v0.4.1) (2023-04-20)
 
 
diff --git a/Cargo.lock b/Cargo.lock
index 85b5c12aa46..a62d34f67a7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -118,7 +118,7 @@ checksum = "23ea9e81bd02e310c216d080f6223c179012256e5151c41db88d12c88a1684d2"
 
 [[package]]
 name = "arena"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "generational-arena",
 ]
@@ -1178,7 +1178,7 @@ dependencies = [
 
 [[package]]
 name = "fm"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "cfg-if 1.0.0",
  "codespan-reporting 0.9.5",
@@ -1674,7 +1674,7 @@ dependencies = [
 
 [[package]]
 name = "iter-extended"
-version = "0.4.1"
+version = "0.5.0"
 
 [[package]]
 name = "itertools"
@@ -1884,7 +1884,7 @@ checksum = "7843ec2de400bcbc6a6328c958dc38e5359da6e93e72e37bc5246bf1ae776389"
 
 [[package]]
 name = "nargo"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "acvm",
  "iter-extended",
@@ -1898,7 +1898,7 @@ dependencies = [
 
 [[package]]
 name = "nargo_cli"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "acvm",
  "assert_cmd",
@@ -1930,7 +1930,7 @@ dependencies = [
 
 [[package]]
 name = "noir_wasm"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "acvm",
  "build-data",
@@ -1946,7 +1946,7 @@ dependencies = [
 
 [[package]]
 name = "noirc_abi"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "acvm",
  "iter-extended",
@@ -1958,7 +1958,7 @@ dependencies = [
 
 [[package]]
 name = "noirc_driver"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "acvm",
  "clap",
@@ -1973,7 +1973,7 @@ dependencies = [
 
 [[package]]
 name = "noirc_errors"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "chumsky",
  "codespan",
@@ -1984,7 +1984,7 @@ dependencies = [
 
 [[package]]
 name = "noirc_evaluator"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "acvm",
  "arena",
@@ -2000,7 +2000,7 @@ dependencies = [
 
 [[package]]
 name = "noirc_frontend"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "acvm",
  "arena",
diff --git a/Cargo.toml b/Cargo.toml
index 26eec846ef9..2ae36eee6f1 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -17,7 +17,7 @@ default-members = ["crates/nargo_cli"]
 
 [workspace.package]
 # x-release-please-start-version
-version = "0.4.1"
+version = "0.5.0"
 # x-release-please-end
 authors = ["The Noir Team <team@noir-lang.org>"]
 edition = "2021"
diff --git a/flake.nix b/flake.nix
index 28859ebb2b9..03d8f6be43f 100644
--- a/flake.nix
+++ b/flake.nix
@@ -106,7 +106,7 @@
       commonArgs = environment // {
         pname = "noir";
         # x-release-please-start-version
-        version = "0.4.1";
+        version = "0.5.0";
         # x-release-please-end
 
         # Use our custom stdenv to build and test our Rust project