diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index a41ab609..d21577b4 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,7 +1,7 @@
 [bumpversion]
 commit = True
 tag = True
-current_version = 0.4.2
+current_version = 0.5.0
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(\-rc(?P<rc>\d+))?
 serialize = 
 	{major}.{minor}.{patch}-rc{rc}
diff --git a/README.md b/README.md
index 4fe1b69d..21b19c77 100644
--- a/README.md
+++ b/README.md
@@ -52,7 +52,7 @@ Where `my-values.yaml` is your custom values for the release. See the [chart's r
 GPM can also be run locally using docker and a `kubeconfig`, assuming that the `kubeconfig` file you want to use is located at `~/.kube/config` the command to run GPM locally would be:
 
 ```bash
-docker run -v ~/.kube/config:/home/gpm/.kube/config -p 8080:8080 quay.io/sighup/gatekeeper-policy-manager:v0.4.2
+docker run -v ~/.kube/config:/home/gpm/.kube/config -p 8080:8080 quay.io/sighup/gatekeeper-policy-manager:v0.5.0
 ```
 
 Then access it with your browser on: [http://127.0.0.1:8080](http://127.0.0.1:8080)
diff --git a/app/templates/footer.html b/app/templates/footer.html
index 382fc162..555e3580 100644
--- a/app/templates/footer.html
+++ b/app/templates/footer.html
@@ -6,7 +6,7 @@
 
 <div class="ui inverted vertical footer segment">
   <div class="ui container">
-    <h4 class="ui inverted header">Gatekeeper Policy Manager v0.4.2</h4>
+    <h4 class="ui inverted header">Gatekeeper Policy Manager v0.5.0</h4>
     <p>A simple to use web-based Gatekeeper policies manager</p>
     <p><i class="red heart icon"></i> Proud part of the <a href="https://kubernetesfury.com">Kubernetes Fury
         Distribution</a></p>
diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index 880e726c..aacf513d 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -20,4 +20,4 @@ version: 0.1.0
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
-appVersion: v0.4.2
+appVersion: v0.5.0
diff --git a/chart/values.yaml b/chart/values.yaml
index 4b70e109..411e97b2 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -8,7 +8,7 @@ image:
   repository: quay.io/sighup/gatekeeper-policy-manager
   pullPolicy: IfNotPresent
   # Overrides the image tag whose default is the chart appVersion.
-  tag: "v0.4.2"
+  tag: "v0.5.0"
 
 imagePullSecrets: []
 nameOverride: ""
diff --git a/kustomization.yaml b/kustomization.yaml
index f77bbdaf..aa6d2f07 100644
--- a/kustomization.yaml
+++ b/kustomization.yaml
@@ -29,4 +29,4 @@ resources:
 
 images:
   - name: quay.io/sighup/gatekeeper-policy-manager
-    newTag: "v0.4.2"
+    newTag: "v0.5.0"