diff --git a/CHANGELOG.md b/CHANGELOG.md
index 59e1d48..9ec8503 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,10 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+# v0.5.0
+
+- Added support for Durable Entities
+
 ## v0.4.1
 
 - Fixed an issue where orchestrations would still throw non-determinism errors even when versioning logic should have prevented it
diff --git a/durabletask-azuremanaged/CHANGELOG.md b/durabletask-azuremanaged/CHANGELOG.md
index 4738101..c6708a2 100644
--- a/durabletask-azuremanaged/CHANGELOG.md
+++ b/durabletask-azuremanaged/CHANGELOG.md
@@ -5,6 +5,11 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## v0.4.0
+
+- Updates base dependency to durabletask v0.5.0
+  - Adds support for Durable Entities
+
 ## v0.3.1
 
 - Updates base dependency to durabletask v0.4.1
diff --git a/durabletask-azuremanaged/pyproject.toml b/durabletask-azuremanaged/pyproject.toml
index 496294f..2c45be2 100644
--- a/durabletask-azuremanaged/pyproject.toml
+++ b/durabletask-azuremanaged/pyproject.toml
@@ -9,7 +9,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "durabletask.azuremanaged"
-version = "0.3.1"
+version = "0.4.0"
 description = "Durable Task Python SDK provider implementation for the Azure Durable Task Scheduler"
 keywords = [
     "durable",
@@ -26,7 +26,7 @@ requires-python = ">=3.9"
 license = {file = "LICENSE"}
 readme = "README.md"
 dependencies = [
-    "durabletask>=0.4.1",
+    "durabletask>=0.5.0",
     "azure-identity>=1.19.0"
 ]
 
diff --git a/pyproject.toml b/pyproject.toml
index 916e447..30a6dbe 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -9,7 +9,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "durabletask"
-version = "0.4.1"
+version = "0.5.0"
 description = "A Durable Task Client SDK for Python"
 keywords = [
     "durable",