diff --git a/.gitignore b/.gitignore
index 43b8e87..ca8f5df 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1,2 @@
 /libqb-0.4.1.tar.gz
+/libqb-0.5.0.tar.gz
diff --git a/libqb.spec b/libqb.spec
index 1649049..469375a 100644
--- a/libqb.spec
+++ b/libqb.spec
@@ -1,6 +1,6 @@
 Name:           libqb
-Version:        0.4.1
-Release:        2%{?dist}
+Version:        0.5.0
+Release:        1%{?dist}
 Summary:        An IPC library for high performance servers
 
 Group:          System Environment/Libraries
@@ -63,6 +63,12 @@ developing applications that use %{name}.
 %{_mandir}/man3/qb*3*
 
 %changelog
+* Wed Jun 8 2011 Angus Salkeld <asalkeld@redhat.com> - 0.5.0-1
+- Rebased to 0.5.0 which includes:
+- new logging API
+- support for sparc
+- coverity fixes
+
 * Tue Feb 8 2011 Angus Salkeld <asalkeld@redhat.com> - 0.4.1-2
 - SPEC: improve devel files section
 - SPEC: remove global variables
diff --git a/sources b/sources
index b41c45e..b026b16 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-962d266dcb610503acd523370c494f78  libqb-0.4.1.tar.gz
+6485af0387c14a803d4e48d423bc42aa  libqb-0.5.0.tar.gz