diff --git a/CHANGELOG.md b/CHANGELOG.md
index ace7073b..cd7ef4c5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,19 @@
+Release 1.5.0
+
+## What's Changed
+* Expose int- and string-valued build settings as Make variables by @fmeum in https://github.com/bazelbuild/bazel-skylib/pull/440
+* Modify actions in order not to need `toolchain` param  by @kotlaja in https://github.com/bazelbuild/bazel-skylib/pull/455
+* versions: Don't fail on Bazel dev builds by @fmeum in https://github.com/bazelbuild/bazel-skylib/pull/463
+* Add error for empty `bzl_library` by @keith in https://github.com/bazelbuild/bazel-skylib/pull/457
+* Add `doc` param to `unittest.make` by @UebelAndre in https://github.com/bazelbuild/bazel-skylib/pull/464
+
+## New Contributors
+* @kotlaja made their first contribution in https://github.com/bazelbuild/bazel-skylib/pull/455
+* @keith made their first contribution in https://github.com/bazelbuild/bazel-skylib/pull/457
+
+**Full Changelog**: https://github.com/bazelbuild/bazel-skylib/compare/1.4.2...1.5.0
+
+
 Release 1.4.2
 
 Bugfix release: fixes `build_test` to respect `target_compatible_with` (#448)
diff --git a/MODULE.bazel b/MODULE.bazel
index 0cdaad3a..298974a3 100644
--- a/MODULE.bazel
+++ b/MODULE.bazel
@@ -1,7 +1,7 @@
 module(
     name = "bazel_skylib",
     # Keep in sync with version.bzl and @bazel_skylib_gazelle_plugin//:MODULE.bazel
-    version = "1.4.2",
+    version = "1.5.0",
     compatibility_level = 1,
 )
 
diff --git a/gazelle/MODULE.bazel b/gazelle/MODULE.bazel
index a61d8012..7afa2420 100644
--- a/gazelle/MODULE.bazel
+++ b/gazelle/MODULE.bazel
@@ -1,7 +1,7 @@
 module(
     name = "bazel_skylib_gazelle_plugin",
     # Keep in sync with @bazel_skylib//:MODULE.bazel and @bazel_skylib//:version.bzl
-    version = "1.4.2",
+    version = "1.5.0",
     compatibility_level = 1,
 )
 
diff --git a/version.bzl b/version.bzl
index 393ef2c2..b004ba12 100644
--- a/version.bzl
+++ b/version.bzl
@@ -14,4 +14,4 @@
 """The version of bazel-skylib."""
 
 # Keep in sync with MODULE.bazel and @bazel_skylib_gazelle_plugin//:MODULE.bazel
-version = "1.4.2"
+version = "1.5.0"