diff --git a/contrib/opencensus-ext-stackdriver/CHANGELOG.md b/contrib/opencensus-ext-stackdriver/CHANGELOG.md
index ae8f2670e..605685920 100644
--- a/contrib/opencensus-ext-stackdriver/CHANGELOG.md
+++ b/contrib/opencensus-ext-stackdriver/CHANGELOG.md
@@ -2,6 +2,11 @@
 
 ## Unreleased
 
+## 0.5.0
+Released 2019-08-05
+
+  - Support exporter changes in `opencensus>=0.7.0`
+
 ## 0.4.0
 Released 2019-05-31
 
diff --git a/contrib/opencensus-ext-stackdriver/version.py b/contrib/opencensus-ext-stackdriver/version.py
index d79b9cb9c..da40cd766 100644
--- a/contrib/opencensus-ext-stackdriver/version.py
+++ b/contrib/opencensus-ext-stackdriver/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = '0.4.0'
+__version__ = '0.5.0'