diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index ecd7ec7..cb881b1 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -13,7 +13,7 @@ make build install
 
 ## Releasing
 
-1. Open a pull request with title `release v{major}.{minor}.{patch}`, changing `version` in `pyproject.toml` to the desired version.
+1. Open a pull request with title `release v{major}.{minor}.{patch}`, changing `version` in `src/pydistcheck/__init__.py` to the desired version.
 2. navigate to https://github.com/jameslamb/pydistcheck/releases
 3. edit the draft release there
     - remove any changelog items that are just "changed the version number" PRs
diff --git a/src/pydistcheck/__init__.py b/src/pydistcheck/__init__.py
index 86c4d2e..cddeea3 100644
--- a/src/pydistcheck/__init__.py
+++ b/src/pydistcheck/__init__.py
@@ -3,4 +3,4 @@
 # no one should be importing from this package
 __all__ = []  # type: ignore
 
-__version__ = "0.4.0.99"
+__version__ = "0.5.0"