diff --git a/Cargo.toml b/Cargo.toml
index b61fd93e..c56d952a 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -17,7 +17,7 @@ members = [
 
 [package]
 name = "sqlx"
-version = "0.4.2"
+version = "0.5.0"
 license = "MIT OR Apache-2.0"
 readme = "README.md"
 repository = "https://github.com/launchbadge/sqlx"
@@ -94,8 +94,8 @@ bstr = [ "sqlx-core/bstr" ]
 git2 = [ "sqlx-core/git2" ]
 
 [dependencies]
-sqlx-core = { version = "=0.4.2", path = "sqlx-core", default-features = false }
-sqlx-macros = { version = "=0.4.2", path = "sqlx-macros", default-features = false, optional = true }
+sqlx-core = { version = "0.5", path = "sqlx-core", default-features = false }
+sqlx-macros = { version = "0.5", path = "sqlx-macros", default-features = false, optional = true }
 
 [dev-dependencies]
 anyhow = "1.0.31"
diff --git a/README.md b/README.md
index a91bf855..620491a9 100644
--- a/README.md
+++ b/README.md
@@ -113,9 +113,9 @@ SQLx is compatible with the [`async-std`], [`tokio`] and [`actix`] runtimes; and
 # Cargo.toml
 [dependencies]
 # tokio + rustls
-sqlx = { version = "0.4.2", features = [ "runtime-tokio-rustls" ] }
+sqlx = { version = "0.5", features = [ "runtime-tokio-rustls" ] }
 # async-std + native-tls
-sqlx = { version = "0.4.2", features = [ "runtime-async-std-native-tls" ] }
+sqlx = { version = "0.5", features = [ "runtime-async-std-native-tls" ] }
 ```
 
 <sub><sup>The runtime and TLS backend not being separate feature sets to select is a workaround for a [Cargo issue](https://github.com/rust-lang/cargo/issues/3494).</sup></sub>
diff --git a/sqlx-cli/Cargo.toml b/sqlx-cli/Cargo.toml
index 0539daf3..b99384dd 100644
--- a/sqlx-cli/Cargo.toml
+++ b/sqlx-cli/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "sqlx-cli"
-version = "0.2.0"
+version = "0.5.0"
 description = "Command-line utility for SQLx, the Rust SQL toolkit."
 edition = "2018"
 readme = "README.md"
@@ -27,7 +27,7 @@ path = "src/bin/cargo-sqlx.rs"
 [dependencies]
 dotenv = "0.15"
 tokio = { version = "1.0.1", features = ["macros", "rt", "rt-multi-thread"] }
-sqlx = { version = "0.4.0", path = "..", default-features = false, features = [ "runtime-async-std-native-tls", "migrate", "any", "offline" ] }
+sqlx = { version = "0.5", path = "..", default-features = false, features = [ "runtime-async-std-native-tls", "migrate", "any", "offline" ] }
 futures = "0.3"
 clap = "=3.0.0-beta.2"
 chrono = "0.4"
diff --git a/sqlx-core/Cargo.toml b/sqlx-core/Cargo.toml
index af6a83d5..053a8569 100644
--- a/sqlx-core/Cargo.toml
+++ b/sqlx-core/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "sqlx-core"
-version = "0.4.2"
+version = "0.5.0"
 repository = "https://github.com/launchbadge/sqlx"
 description = "Core of SQLx, the rust SQL toolkit. Not intended to be used directly."
 license = "MIT OR Apache-2.0"
diff --git a/sqlx-macros/Cargo.toml b/sqlx-macros/Cargo.toml
index 679b5179..fd1518f7 100644
--- a/sqlx-macros/Cargo.toml
+++ b/sqlx-macros/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "sqlx-macros"
-version = "0.4.2"
+version = "0.5.0"
 repository = "https://github.com/launchbadge/sqlx"
 description = "Macros for SQLx, the rust SQL toolkit. Not intended to be used directly."
 license = "MIT OR Apache-2.0"
@@ -60,7 +60,7 @@ heck = "0.3.1"
 either = "1.5.3"
 once_cell = { version = "1.5.2", optional = true }
 proc-macro2 = { version = "1.0.9", default-features = false }
-sqlx-core = { version = "0.4.2", default-features = false, path = "../sqlx-core" }
+sqlx-core = { version = "0.5", default-features = false, path = "../sqlx-core" }
 sqlx-rt = { version = "0.2.0", default-features = false, path = "../sqlx-rt" }
 serde = { version = "1.0.111", features = ["derive"], optional = true }
 serde_json = { version = "1.0.30", features = ["preserve_order"], optional = true }