diff --git a/README.md b/README.md
index 3040b9a..7c9e266 100644
--- a/README.md
+++ b/README.md
@@ -7,8 +7,13 @@ jQuery.qrcode is provided under the terms of the [MIT License](http://github.com
 
 Uses [QR Code Generator](http://www.d-project.com/qrcode/index.html) (MIT). Kudos to [jquery.qrcode.js](http://github.com/jeromeetienne/jquery-qrcode) (MIT).
 
+
 ## Changelog
 
+### v0.5.0 - *2013-07-23*
+
+* adds option to set error correction level
+
 
 ### v0.4 - *2013-07-09*
 
diff --git a/package.json b/package.json
index 097b93b..d1257fc 100644
--- a/package.json
+++ b/package.json
@@ -1,5 +1,5 @@
 {
 	"name": "jquery.qrcode",
 	"displayName": "jQuery.qrcode",
-	"version": "0.4-dev"
+	"version": "0.5.0"
 }
\ No newline at end of file