diff --git a/NEWS.rst b/NEWS.rst
index 5ea964f..1d014df 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,6 @@
+0.5.0 (2024-08-11):
+ * Remove ASIO support from bundled DLLs (DLLs with ASIO can be manually selected)
+
 0.4.7 (2024-05-27):
  * support ``paWinWasapiAutoConvert`` with ``auto_convert`` flag in `WasapiSettings`
  * Avoid exception in `PortAudioError`\ ``.__str__()``
diff --git a/sounddevice.py b/sounddevice.py
index 0784726..7010364 100644
--- a/sounddevice.py
+++ b/sounddevice.py
@@ -48,7 +48,7 @@
     https://python-sounddevice.readthedocs.io/
 
 """
-__version__ = '0.4.7'
+__version__ = '0.5.0'
 
 import atexit as _atexit
 import os as _os