diff --git a/history.md b/history.md
index 51c18ea..5ff06b3 100644
--- a/history.md
+++ b/history.md
@@ -1,3 +1,11 @@
+#0.5.0
+
+* Added color palettes for Material and FlatUI
+* Added methods for gradients: `Element.stops()`, `Element.addStop()`, `Element.setStops()`
+* Fixed matrix splitting for better animation of matrices`
+* Various bug fixes
+* Better integration of tests and ESlint
+
 #0.4.1
 
 * Bug fixes.
@@ -46,4 +54,4 @@
 
 #0.1.0
 
-* Initial release
\ No newline at end of file
+* Initial release
diff --git a/package.json b/package.json
index 3f3391c..380f799 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "snapsvg",
-    "version": "0.4.2dev",
+    "version": "0.5.0dev",
     "description": "JavaScript Vector Library",
     "main": "./dist/snap.svg.js",
     "repository": {
diff --git a/src/svg.js b/src/svg.js
index 048993d..5d03fb9 100644
--- a/src/svg.js
+++ b/src/svg.js
@@ -13,7 +13,7 @@
 // limitations under the License.
 
 var Snap = (function(root) {
-Snap.version = "0.4.2dev";
+Snap.version = "0.5.0dev";
 /*\
  * Snap
  [ method ]