diff --git a/pkg/kbld/cmd/version.go b/pkg/kbld/cmd/version.go
index 1211b029..e73181f6 100644
--- a/pkg/kbld/cmd/version.go
+++ b/pkg/kbld/cmd/version.go
@@ -9,7 +9,7 @@ import (
 )
 
 const (
-	Version = "0.4.0"
+	Version = "0.5.0"
 )
 
 type VersionOptions struct {