diff --git a/.github/.release-please-manifest.json b/.github/.release-please-manifest.json
index 218393f..f1c1e58 100644
--- a/.github/.release-please-manifest.json
+++ b/.github/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.4.1"
+  ".": "0.5.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 904f09b..8429cb6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## [0.5.0](https://github.com/google/adk-python-community/compare/v0.4.1...v0.5.0) (2026-05-20)
+
+
+### Features
+
+* add AgentGovernancePlugin for tool-call governance ([#141](https://github.com/google/adk-python-community/issues/141)) ([f9bfa20](https://github.com/google/adk-python-community/commit/f9bfa2043bbf8aa32d3c9734245cb83aa5175c94))
+* add S3ArtifactService with native async and atomic versioning ([#115](https://github.com/google/adk-python-community/issues/115)) ([d07ad02](https://github.com/google/adk-python-community/commit/d07ad02fd592f47ef84aaf7f94ac1bd7505c6ec0))
+* **spraay:** Add Spraay batch payment tools for Base ([#95](https://github.com/google/adk-python-community/issues/95)) ([8172fd3](https://github.com/google/adk-python-community/commit/8172fd397603b282ef710673b35ce0be68b2d511))
+
+
+### Misc
+
+* **ci:** update gemini-review workflow and resolve CI test failures ([#120](https://github.com/google/adk-python-community/issues/120), [#122](https://github.com/google/adk-python-community/issues/122), [#123](https://github.com/google/adk-python-community/issues/123), [#124](https://github.com/google/adk-python-community/issues/124), [#125](https://github.com/google/adk-python-community/issues/125)) ([0ad6813](https://github.com/google/adk-python-community/commit/0ad68137469ab7fb3573b50483e189c473b59086), [6acdb23](https://github.com/google/adk-python-community/commit/6acdb2398021e9431c5a0bfc00a391333e35ea99), [1a824e0](https://github.com/google/adk-python-community/commit/1a824e0c79f57ee59a64c3cdbfcb460a79410683), [57df5aa](https://github.com/google/adk-python-community/commit/57df5aaec4204bd89c91d37ba9f06a43903c77a3), [0624450](https://github.com/google/adk-python-community/commit/0624450abb3dbe412e327ab2c42b433033c6de7e))
+
 ## [0.4.1](https://github.com/google/adk-python-community/compare/v0.4.0...v0.4.1) (2026-02-18)
 
 
diff --git a/src/google/adk_community/version.py b/src/google/adk_community/version.py
index a85b861..04d3da3 100644
--- a/src/google/adk_community/version.py
+++ b/src/google/adk_community/version.py
@@ -13,4 +13,4 @@
 # limitations under the License.
 
 # version: major.minor.patch
-__version__ = "0.4.1"
+__version__ = "0.5.0"