diff --git a/project/SparkBuild.scala b/project/SparkBuild.scala
index 08c5a990b489ad3da43c60a73d61d7d3c5e48947..b8b3fd834a9dd5a4064a995b5b7345c6ef130949 100644
--- a/project/SparkBuild.scala
+++ b/project/SparkBuild.scala
@@ -20,7 +20,7 @@ object SparkBuild extends Build {
 
   def sharedSettings = Defaults.defaultSettings ++ Seq(
     organization := "org.spark-project",
-    version := "0.4-SNAPSHOT",
+    version := "0.5.0",
     scalaVersion := "2.9.1",
     scalacOptions := Seq(/*"-deprecation",*/ "-unchecked", "-optimize"), // -deprecation is too noisy due to usage of old Hadoop API, enable it once that's no longer an issue
     unmanagedJars in Compile <<= baseDirectory map { base => (base / "lib" ** "*.jar").classpath },