diff --git a/History.md b/History.md
index b35a65a..de5b3ea 100644
--- a/History.md
+++ b/History.md
@@ -1,3 +1,6 @@
+- 0.5.0 2014-05-02
+  Adding reset() function to caching.js.  Closes #5.
+
 - 0.4.0 2014-05-02
   New arg to ignore cache errors. if set cache errors will be ignored
   and the cache_manager will go to the backing store. (Thanks londonjamo).
diff --git a/package.json b/package.json
index 07a307a..fdd8622 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "cache-manager",
-  "version": "0.4.0",
+  "version": "0.5.0",
   "description": "Cache module for Node.js",
   "main": "index.js",
   "scripts": {