diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4f8d38c..e9cbff8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,7 +3,9 @@
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [UNRELEASED]
+## [0.5.0] - 2025-07-18
+
+* Updated to Shinylive web assets 0.5.0.
 
 * `shinylive.export()` gains `template_params` and `template_dir` arguments that are reflected in the CLI as `--template-params` and `--template-dir` arguments to `shinylive export`.
 
diff --git a/shinylive/_version/__init__.py b/shinylive/_version/__init__.py
index bda3f9b..9c75e65 100644
--- a/shinylive/_version/__init__.py
+++ b/shinylive/_version/__init__.py
@@ -1,5 +1,5 @@
 # The version of this Python package.
-SHINYLIVE_PACKAGE_VERSION = "0.4.1.9000"
+SHINYLIVE_PACKAGE_VERSION = "0.5.0"
 
 # This is the version of the Shinylive assets to use.
-SHINYLIVE_ASSETS_VERSION = "0.4.1"
+SHINYLIVE_ASSETS_VERSION = "0.5.0"