diff --git a/CHANGELOG b/CHANGELOG
index 30acd6a8..60888718 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,3 +1,13 @@
+## [0.5.0] - 2023-08-20
+### Breaking Changes
+### New Features
+- Use CentOS stream 9 on traffic-gen and VM under test images
+- Checkup base image was upgraded to `registry.access.redhat.com/ubi9/ubi-minimal:9.4-1194`
+- Upgraded go version to 1.22.5
+### Bug Fixes
+- Bump google.golang.org/grpc
+- Bump golang.org/x/net
+
 ## [0.4.0] - 2023-05-01
 ### Breaking Changes
  - trafficGenContainerDiskImage and vmUnderTestContainerDiskImage are now mandatory fields