diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3bbca7e7..a8744f15 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.5.0](https://github.com/nearai/ironclaw/compare/v0.4.0...v0.5.0) - 2026-02-17
+
+### Added
+
+- add cooldown management to FailoverProvider ([#114](https://github.com/nearai/ironclaw/pull/114))
+
 ## [0.4.0](https://github.com/nearai/ironclaw/compare/v0.3.0...v0.4.0) - 2026-02-17
 
 ### Added
diff --git a/Cargo.lock b/Cargo.lock
index 95facddd..61307200 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2490,7 +2490,7 @@ dependencies = [
 
 [[package]]
 name = "ironclaw"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "aes-gcm",
  "aho-corasick",
diff --git a/Cargo.toml b/Cargo.toml
index 3f433b98..1e45e3fd 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -8,7 +8,7 @@ exclude = [
 
 [package]
 name = "ironclaw"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2024"
 rust-version = "1.92"
 description = "Secure personal AI assistant that protects your data and expands its capabilities on the fly"