diff --git a/NEWS.md b/NEWS.md
index f87de53..cbade53 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,3 +1,10 @@
+bdebstrap 0.5.0 (2022-11-10)
+============================
+
+* feat: Add support for mmdebstrap's `--format` option
+  ([bug #4](https://github.com/bdrung/bdebstrap/issues/4))
+
+
 bdebstrap 0.4.1 (2022-11-01)
 ============================
 
diff --git a/setup.py b/setup.py
index 175ea42..17d1035 100755
--- a/setup.py
+++ b/setup.py
@@ -76,7 +76,7 @@ def run(self):
 
     setup(
         name="bdebstrap",
-        version="0.4.1",
+        version="0.5.0",
         description="Benjamin's multi-mirror Debian chroot creation tool",
         long_description=LONG_DESCRIPTION,
         long_description_content_type="text/markdown",