diff --git a/CHANGES.rst b/CHANGES.rst
index 50c1a5f4..340842bc 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -19,11 +19,13 @@ Release History
    - Bugfixes
    - Documentation
 
-0.4.10 (unreleased)
-===================
+0.5.0 (November 16, 2023)
+=========================
 
 *Compatible with Nengo 2.6.0 - 3.1.0*
 
+- Made NengoGUI available under the GPLv2 license.
+
 0.4.9 (May 24, 2022)
 ====================
 
diff --git a/nengo_gui/version.py b/nengo_gui/version.py
index 72db1d96..b791fc53 100644
--- a/nengo_gui/version.py
+++ b/nengo_gui/version.py
@@ -7,8 +7,8 @@
 """
 
 name = "nengo_gui"
-version_info = (0, 4, 10)  # (major, minor, patch)
-dev = 0
+version_info = (0, 5, 0)  # (major, minor, patch)
+dev = None
 
 version = "{v}{dev}".format(
     v=".".join(str(v) for v in version_info),