diff --git a/CMakeLists.txt b/CMakeLists.txt
index 0eea9fb7b..93b4c4101 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -5,7 +5,7 @@ if(COMMAND CMAKE_POLICY)
   CMAKE_POLICY(SET CMP0004 NEW)
 endif(COMMAND CMAKE_POLICY)
 
-project (sdformat14 VERSION 14.4.0)
+project (sdformat14 VERSION 14.5.0)
 
 # The protocol version has nothing to do with the package version.
 # It represents the current version of SDFormat implemented by the software
diff --git a/Changelog.md b/Changelog.md
index 08b9858d4..65579f27d 100644
--- a/Changelog.md
+++ b/Changelog.md
@@ -1,5 +1,25 @@
 ## libsdformat 14.X
 
+### libsdformat 14.5.0 (2024-08-05)
+
+1. Adding Errors structure to XmlUtils
+    * [Pull request #1296](https://github.com/gazebosim/sdformat/pull/1296)
+
+1. Disable latex and class hierarchy generation
+    * [Pull request #1447](https://github.com/gazebosim/sdformat/pull/1447)
+
+1. Added SetHeightMap and Heighmap to Geometry Python binding
+    * [Pull request #1440](https://github.com/gazebosim/sdformat/pull/1440)
+
+1. workflows/ci.yml fix push branch regex
+    * [Pull request #1445](https://github.com/gazebosim/sdformat/pull/1445)
+
+1. SDF.cc update calls to use sdf::Errors output
+    * [Pull request #1295](https://github.com/gazebosim/sdformat/pull/1295)
+
+1. Added World::ActorByName
+    * [Pull request #1436](https://github.com/gazebosim/sdformat/pull/1436)
+
 ### libsdformat 14.4.0 (2024-06-20)
 
 1. Add Cone as a primitive parametric shape.
diff --git a/package.xml b/package.xml
index ed841192a..d5e40891f 100644
--- a/package.xml
+++ b/package.xml
@@ -1,7 +1,7 @@
 <?xml version="1.0"?>
 <package format="2">
   <name>sdformat14</name>
-  <version>14.4.0</version>
+  <version>14.5.0</version>
   <description>SDFormat is an XML file format that describes environments, objects, and robots
 in a manner suitable for robotic applications</description>