diff --git a/CMakeLists.txt b/CMakeLists.txt
index 8d4f649c..e4348f62 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,7 +1,7 @@
 cmake_minimum_required(VERSION 3.5.1)
 set(CMAKE_MODULE_PATH "${CMAKE_SOURCE_DIR}/cmake")
 
-project(Zeal VERSION 0.4.0)
+project(Zeal VERSION 0.5.0)
 
 # Project information.
 if(APPLE)
diff --git a/qmake/common.pri b/qmake/common.pri
index 3e0f4fa6..e7d582e1 100644
--- a/qmake/common.pri
+++ b/qmake/common.pri
@@ -30,7 +30,7 @@ RCC_DIR = $$BUILD_ROOT/.rcc
 UI_DIR = $$BUILD_ROOT/.ui
 
 # Application version
-VERSION = 0.4.0
+VERSION = 0.5.0
 DEFINES += ZEAL_VERSION=\\\"$${VERSION}\\\"
 
 # Portable build