diff --git a/docs/changelog.md b/docs/changelog.md
index dccddc5..a384c0a 100644
--- a/docs/changelog.md
+++ b/docs/changelog.md
@@ -9,6 +9,7 @@
 * [#88](/~https://github.com/netboxlabs/nbl-netbox-branching/issues/88) - Add branching support for NetBox's graphQL API
 * [#90](/~https://github.com/netboxlabs/nbl-netbox-branching/issues/90) - Introduce the ability to archive & deprovision merged branches without deleting them
 * [#97](/~https://github.com/netboxlabs/nbl-netbox-branching/issues/97) - Introduce the `exempt_models` config parameter to disable branching support for plugin models
+* [#116](/~https://github.com/netboxlabs/nbl-netbox-branching/issues/116) - Disable branching support for applicable core models
 
 ### Bug Fixes
 
diff --git a/netbox_branching/__init__.py b/netbox_branching/__init__.py
index 7190892..de903be 100644
--- a/netbox_branching/__init__.py
+++ b/netbox_branching/__init__.py
@@ -9,7 +9,7 @@ class AppConfig(PluginConfig):
     name = 'netbox_branching'
     verbose_name = 'NetBox Branching'
     description = 'A git-like branching implementation for NetBox'
-    version = '0.4.0'
+    version = '0.5.0'
     base_url = 'branching'
     min_version = '4.1'
     middleware = [
diff --git a/pyproject.toml b/pyproject.toml
index af09f1c..f20d422 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "netboxlabs-netbox-branching"
-version = "0.4.0"
+version = "0.5.0"
 description = "A git-like branching implementation for NetBox"
 readme = "README.md"
 requires-python = ">=3.10"