diff --git a/gguf-py/pyproject.toml b/gguf-py/pyproject.toml
index 7b23e7bad..75339fb4b 100644
--- a/gguf-py/pyproject.toml
+++ b/gguf-py/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "gguf"
-version = "0.4.7"
+version = "0.5.0"
 description = "Write ML models in GGUF for GGML"
 authors = ["GGML <ggml@ggml.ai>"]
 packages = [