diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 218393f..f1c1e58 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.4.1"
+  ".": "0.5.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6887218..d0de790 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [0.5.0](https://github.com/workos/emulate/compare/v0.4.1...v0.5.0) (2026-08-04)
+
+
+### Features
+
+* **jwt:** apply JWT templates and pin the signing key ([#32](https://github.com/workos/emulate/issues/32)) ([f2da8b5](https://github.com/workos/emulate/commit/f2da8b596a3f6dd6d5ae761c81ec51fbc32c042d))
+
 ## [0.4.1](https://github.com/workos/emulate/compare/v0.4.0...v0.4.1) (2026-07-27)
 
 
diff --git a/package.json b/package.json
index dc8a128..da9026a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@workos/emulate",
-  "version": "0.4.1",
+  "version": "0.5.0",
   "type": "module",
   "description": "Local WorkOS API emulator for tests and development",
   "repository": {