diff --git a/docker/docker-compose.yml.template b/docker/docker-compose.yml.template
index 6295c03..377b8ad 100644
--- a/docker/docker-compose.yml.template
+++ b/docker/docker-compose.yml.template
@@ -2,7 +2,7 @@ version: '3'
 
 services:
   thumbtack:
-    image: ghcr.io/mitre/thumbtack:0.4.2
+    image: ghcr.io/mitre/thumbtack:0.5.0
     container_name: thumbtack
     privileged: true
     volumes:
diff --git a/docker/thumbtack/Dockerfile b/docker/thumbtack/Dockerfile
index 094ce11..e32b80c 100644
--- a/docker/thumbtack/Dockerfile
+++ b/docker/thumbtack/Dockerfile
@@ -15,7 +15,7 @@ RUN apt install -y afflib-tools archivemount avfs cryptsetup disktype ewf-tools
 
 # Install thumbtack
 RUN apt install -y python3 python3-pip git
-RUN pip install thumbtack==0.4.2
+RUN pip install thumbtack==0.5.0
 
 WORKDIR "tmp/"
 RUN apt install -y wget
diff --git a/docs/conf.py b/docs/conf.py
index 996b7bc..cff8771 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -25,9 +25,9 @@
 author = "The MITRE Corporation"
 
 # The short X.Y version
-version = "0.4.2"
+version = "0.5.0"
 # The full version, including alpha/beta/rc tags
-release = "0.4.2"
+release = "0.5.0"
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/schema.yaml b/schema.yaml
index 5051616..e8fbe7f 100644
--- a/schema.yaml
+++ b/schema.yaml
@@ -1,7 +1,7 @@
 openapi: 3.0.2
 info:
   title: Thumbtack API
-  version: '0.4.2'
+  version: '0.5.0'
   description: Thumbtack's API for (un)mounting of forensic disk images
 servers:
   - url: http://localhost:8208/
diff --git a/setup.cfg b/setup.cfg
index e11ba83..943f59d 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.4.2
+current_version = 0.5.0
 commit = True
 tag = True
 tag_name = {new_version}
diff --git a/setup.py b/setup.py
index 7fb458e..0f67d14 100644
--- a/setup.py
+++ b/setup.py
@@ -11,7 +11,7 @@
 AUTHOR = "The MITRE Corporation"
 LICENSE = "Apache 2.0"
 REQUIRES_PYTHON = ">=3.4.0"
-VERSION = "0.4.2"
+VERSION = "0.5.0"
 
 REQUIRED = [
     "Click",