diff --git a/.gitignore b/.gitignore
index abf982c..66e1e81 100644
--- a/.gitignore
+++ b/.gitignore
@@ -4,3 +4,4 @@ libgexiv2-0.1.90.tar.gz
 /libgexiv2-0.2.2.tar.bz2
 /libgexiv2-0.3.91.tar.bz2
 /libgexiv2-0.4.1.tar.bz2
+/libgexiv2-0.5.0.tar.xz
diff --git a/libgexiv2.spec b/libgexiv2.spec
index f85adaf..688b87a 100644
--- a/libgexiv2.spec
+++ b/libgexiv2.spec
@@ -1,12 +1,13 @@
 Name:           libgexiv2
-Version:        0.4.1
-Release:        3%{?dist}
+Version:        0.5.0
+Release:        1%{?dist}
 Summary:        Gexiv2 is a GObject-based wrapper around the Exiv2 library
 
 Group:          System Environment/Libraries
 License:        GPLv2
 URL:            http://trac.yorba.org/wiki/gexiv2 
-Source0:        http://yorba.org/download/gexiv2/0.4/%{name}-%{version}.tar.bz2
+Source0:        http://yorba.org/download/gexiv2/0.5/%{name}-%{version}.tar.xz
+
 
 BuildRequires:  exiv2-devel gobject-introspection-devel libtool
 
@@ -62,6 +63,10 @@ find $RPM_BUILD_ROOT -name '*.a' -exec rm -f {} ';'
 
 
 %changelog
+* Sun Jan 06 2013 Ankur Sinha <ankursinha AT fedoraproject DOT org> 0.5.0-1
+- Update to 0.5.0
+- rhbz#890402
+
 * Thu Jul 19 2012 Fedora Release Engineering <rel-eng@lists.fedoraproject.org> - 0.4.1-3
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_18_Mass_Rebuild
 
diff --git a/sources b/sources
index 44fd590..df50452 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-055effe708652f0c7440a3def06047da  libgexiv2-0.4.1.tar.bz2
+655528168648fd681a061bddaabc79ee  libgexiv2-0.5.0.tar.xz