diff --git a/CHANGELOG.md b/CHANGELOG.md
index 54d833a..27d9096 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased](https://git.rustybever.be/vieter-v/vieter/src/branch/dev)
 
+## [0.5.0-rc.1](https://git.rustybever.be/vieter-v/vieter/src/tag/0.5.0-rc.1)
+
 ### Added
 
 * Allow specifying subdirectory inside Git repository
diff --git a/PKGBUILD b/PKGBUILD
index b600ba0..94db654 100644
--- a/PKGBUILD
+++ b/PKGBUILD
@@ -3,7 +3,7 @@
 
 pkgbase='vieter'
 pkgname='vieter'
-pkgver='0.4.0'
+pkgver='0.5.0-rc.1'
 pkgrel=1
 pkgdesc="Lightweight Arch repository server & package build system"
 depends=('glibc' 'openssl' 'libarchive' 'sqlite')
diff --git a/src/main.v b/src/main.v
index fe0364f..1053c2f 100644
--- a/src/main.v
+++ b/src/main.v
@@ -20,7 +20,7 @@ fn main() {
 	mut app := cli.Command{
 		name: 'vieter'
 		description: 'Vieter is a lightweight implementation of an Arch repository server.'
-		version: '0.4.0'
+		version: '0.5.0-rc.1'
 		flags: [
 			cli.Flag{
 				flag: cli.FlagType.string