diff --git a/CHANGELOG.md b/CHANGELOG.md
index dfcfc888f..82dca0b94 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,13 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 ## [Unreleased]
 ### Language Support
+### General Features
+### Improvements
+### Fixes
+
+
+## [v5.0] - 2023-12-26
+### Language Support
 * Added support for specifying a modport when connecting an interface array port
 * Implicitly typed parameters that have range specifications are now considered assignment-like contexts (this behavior is not specified in the LRM but more intuitively matches user expectations)
 * Added support for using assignment patterns as lvalues (which finally finishes full support for assignment patterns)
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 605674aaf..22d529857 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -28,7 +28,7 @@ set(CMAKE_MODULE_PATH "${CMAKE_CURRENT_SOURCE_DIR}/cmake" ${CMAKE_MODULE_PATH})
 include(gitversion)
 get_git_version(SLANG_VERSION_PATCH SLANG_VERSION_HASH)
 
-set(SLANG_VERSION_MAJOR 4)
+set(SLANG_VERSION_MAJOR 5)
 set(SLANG_VERSION_MINOR 0)
 set(SLANG_VERSION_STRING
     "${SLANG_VERSION_MAJOR}.${SLANG_VERSION_MINOR}.${SLANG_VERSION_PATCH}")