diff --git a/Cargo.lock b/Cargo.lock
index f6f326d..5bff3f1 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -878,7 +878,7 @@ checksum = "4ee93343901ab17bd981295f2cf0026d4ad018c7c31ba84549a4ddbb47a45104"
 
 [[package]]
 name = "llguidance"
-version = "0.4.2-rc2"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "cbindgen",
@@ -900,7 +900,7 @@ dependencies = [
 
 [[package]]
 name = "llguidance_py"
-version = "0.4.2-rc2"
+version = "0.5.0"
 dependencies = [
  "bytemuck",
  "llguidance",
diff --git a/parser/Cargo.toml b/parser/Cargo.toml
index badd99e..906be4e 100644
--- a/parser/Cargo.toml
+++ b/parser/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "llguidance"
-version = "0.4.2-rc2"
+version = "0.5.0"
 edition = "2021"
 
 [dependencies]
diff --git a/pyproject.toml b/pyproject.toml
index 05bf034..0396fbd 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "llguidance"
-version = "0.4.2rc2"
+version = "0.5.0"
 description = "Bindings for the Low-level Guidance (llguidance) Rust library for use within Guidance"
 requires-python = ">=3.9"
 license = "MIT"
diff --git a/python_ext/Cargo.toml b/python_ext/Cargo.toml
index b065fdf..29d70fa 100644
--- a/python_ext/Cargo.toml
+++ b/python_ext/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "llguidance_py"
-version = "0.4.2-rc2"
+version = "0.5.0"
 edition = "2021"
 
 [dependencies]