diff --git a/.gitignore b/.gitignore
index dc6682f..eb11f48 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1,2 +1,3 @@
 /alembic-0.3.4.tar.gz
 /alembic-0.4.2.tar.gz
+/alembic-0.5.0.tar.gz
diff --git a/python-alembic.spec b/python-alembic.spec
index e8ebd50..90ca9c8 100644
--- a/python-alembic.spec
+++ b/python-alembic.spec
@@ -5,7 +5,7 @@
 %global modname alembic
 
 Name:             python-alembic
-Version:          0.4.2
+Version:          0.5.0
 Release:          1%{?dist}
 Summary:          Database migration tool for SQLAlchemy
 
@@ -189,6 +189,9 @@ install -m 0644 alembic.1 %{buildroot}%{_mandir}/man1/alembic.1
 
 
 %changelog
+* Wed Apr 10 2013 Ralph Bean <rbean@redhat.com> - 0.5.0-1
+- Update to 0.5.0
+
 * Thu Mar 14 2013 Pádraig Brady <pbrady@redhat.com> - 0.4.2-1
 - Update to 0.4.2
 
diff --git a/sources b/sources
index 26561ce..f299cd4 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-c64b9e8928e13df0b68fb6207ba45675  alembic-0.4.2.tar.gz
+e22d10fd885473eccc9c8c75238e97ce  alembic-0.5.0.tar.gz