diff --git a/CHANGELOG.md b/CHANGELOG.md
index b1aa3b1f..04afe95b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,11 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.0.5 (2020-07-20)
+
+This prerelease drops support for Kubernetes <1.16.
+The CRDs have been updated to `apiextensions.k8s.io/v1`.
+
 ## 0.0.4 (2020-07-16)
 
 This prerelease comes with improvements to the alerting system
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 9502ed7c..1ecc0b2e 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -5,4 +5,4 @@ resources:
 images:
   - name: fluxcd/kustomize-controller
     newName: fluxcd/kustomize-controller
-    newTag: v0.0.4
+    newTag: v0.0.5