diff --git a/doc/conf.py b/doc/conf.py
index 5e31ad59..f1b06961 100644
--- a/doc/conf.py
+++ b/doc/conf.py
@@ -206,8 +206,10 @@
 
 html_context = {
     'versions_dropdown': {
-        'dev': 'v0.4 (devel)',
-        'stable': 'v0.3 (stable)',
+        'dev': 'v0.6 (devel)',
+        'stable': 'v0.5 (stable)',
+        'v0.4': 'v0.4',
+        'v0.3': 'v0.3',
         'v0.2': 'v0.2',
         'v0.1': 'v0.1',
     },
diff --git a/doc/whats_new.rst b/doc/whats_new.rst
index 2942827f..b0fdcdd3 100644
--- a/doc/whats_new.rst
+++ b/doc/whats_new.rst
@@ -16,12 +16,14 @@ Here we list a changelog of MNE-connectivity.
 
 .. _current:
 
-Version 0.5 (Unreleased)
-------------------------
+Version 0.5
+-----------
+
+This version has several improvements in the ``spectral`` connectivity analysis and some bug fixes. Functionality now requires ``mne>=1.3``
+for MNE-Python as a minimum version requirement.
 
 This version has major changes in :func:`mne_connectivity.spectral_connectivity_time`. Several bugs are fixed, and the
 function now computes static connectivity over time, as opposed to static connectivity over trials computed by  :func:`mne_connectivity.spectral_connectivity_epochs`.
-Functionality now requires ``mne>=1.3`` for MNE-Python.
 
 Enhancements
 ~~~~~~~~~~~~
@@ -56,6 +58,7 @@ Authors
 * `Santeri Ruuskanen`_
 * `Daniel McCloy`_
 * `Sam Steingold`_
+* `Adam Li`_
 
 :doc:`Find out what was new in previous releases <whats_new_previous_releases>`
 
diff --git a/mne_connectivity/__init__.py b/mne_connectivity/__init__.py
index 24cdf442..b6264432 100644
--- a/mne_connectivity/__init__.py
+++ b/mne_connectivity/__init__.py
@@ -6,7 +6,7 @@
 #
 # License: BSD (3-clause)
 
-__version__ = '0.5.0.dev0'
+__version__ = '0.5.0'
 
 from .base import (Connectivity, EpochConnectivity, EpochSpectralConnectivity,
                    EpochSpectroTemporalConnectivity, EpochTemporalConnectivity,