diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index da59f99e..2aca35ae 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.4.0"
+  ".": "0.5.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 656385ca..d4a96bb6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,14 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/)
 and this project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.html).
 
+## 0.5.0 (2025-11-07)
+
+Full Changelog: [v0.4.0...v0.5.0](https://github.com/openlayer-ai/openlayer-python/compare/v0.4.0...v0.5.0)
+
+### Features
+
+* add examples for creating and managing LLM projects and tests ([#543](https://github.com/openlayer-ai/openlayer-python/issues/543)) ([86b9e2d](https://github.com/openlayer-ai/openlayer-python/commit/86b9e2d566e0d4e72de14ed43369ebcc6a089d27))
+
 ## 0.4.0 (2025-10-22)
 
 Full Changelog: [v0.3.1...v0.4.0](https://github.com/openlayer-ai/openlayer-python/compare/v0.3.1...v0.4.0)
diff --git a/pyproject.toml b/pyproject.toml
index 43c60b4b..93d7970b 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openlayer"
-version = "0.4.0"
+version = "0.5.0"
 description = "The official Python library for the openlayer API"
 dynamic = ["readme"]
 license = "Apache-2.0"
diff --git a/src/openlayer/_version.py b/src/openlayer/_version.py
index 7783d3fe..24bf97c1 100644
--- a/src/openlayer/_version.py
+++ b/src/openlayer/_version.py
@@ -1,4 +1,4 @@
 # File generated from our OpenAPI spec by Stainless. See CONTRIBUTING.md for details.
 
 __title__ = "openlayer"
-__version__ = "0.4.0"  # x-release-please-version
+__version__ = "0.5.0"  # x-release-please-version