diff --git a/magneticod/magneticod/__init__.py b/magneticod/magneticod/__init__.py
index cc8c8be..75175d2 100644
--- a/magneticod/magneticod/__init__.py
+++ b/magneticod/magneticod/__init__.py
@@ -12,4 +12,4 @@
 #
 # You should have received a copy of the GNU Affero General Public License along with this program.  If not, see
 # <http://www.gnu.org/licenses/>.
-__version__ = (0, 4, 0)
+__version__ = (0, 5, 0)
diff --git a/magneticod/setup.py b/magneticod/setup.py
index 4fbb055..0f186e5 100644
--- a/magneticod/setup.py
+++ b/magneticod/setup.py
@@ -19,7 +19,7 @@ def run_setup():
 
     setup(
         name="magneticod",
-        version="0.4.0",
+        version="0.5.0",
         description="Autonomous BitTorrent DHT crawler and metadata fetcher.",
         long_description=read_file("README.rst"),
         url="http://magnetico.org",
diff --git a/magneticow/setup.py b/magneticow/setup.py
index 2d5c0ed..198a7ee 100644
--- a/magneticow/setup.py
+++ b/magneticow/setup.py
@@ -8,7 +8,7 @@ def read_file(path):
 
 setup(
     name="magneticow",
-    version="0.4.0",
+    version="0.5.0",
     description="Lightweight web interface for magnetico.",
     long_description=read_file("README.rst"),
     url="http://magnetico.org",