diff --git a/setup.cfg b/setup.cfg
index 4f199620b78756c2fb9c8650792c3a948307eed3..bac7a37ea401ed8381c303f980200996fd06f085 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.4.1
+current_version = 0.5.0
 commit = True
 tag = True
 
diff --git a/setup.py b/setup.py
index 407366b9246fda6918da8f22a568ff69f8de6fb2..718abde3dc14d06fe090e5c7b63793fe3288c47a 100644
--- a/setup.py
+++ b/setup.py
@@ -2,7 +2,7 @@ from setuptools import setup, find_packages
 
 setup(
     name="grext",
-    version="0.4.1",
+    version="0.5.0",
     packages=find_packages(),
     install_requires=["numpy", "scipy"],
     extras_require={"tests": ["pytest"]},