diff --git a/mongoengine/__init__.py b/mongoengine/__init__.py
index 0d271783..dd3c517e 100644
--- a/mongoengine/__init__.py
+++ b/mongoengine/__init__.py
@@ -14,7 +14,7 @@ __all__ = (document.__all__ + fields.__all__ + connection.__all__ +
 
 __author__ = 'Harry Marr'
 
-VERSION = (0, 4, 1)
+VERSION = (0, 5, 0)
 
 
 def get_version():