diff --git a/CHANGELOG.md b/CHANGELOG.md
index a7c0a21c..6e92e438 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## Unreleased
 
+## 0.4.0 - 2023-10-23
+
 ### Added
 
 - The `forklift-package.yml` files now have an optional `compose-files` field in feature flags to define Compose files which should be merged into the Compose app for every package deployment which enables that feature.
diff --git a/cmd/forklift/main.go b/cmd/forklift/main.go
index e002dfaa..7d60363c 100644
--- a/cmd/forklift/main.go
+++ b/cmd/forklift/main.go
@@ -54,9 +54,9 @@ var app = &cli.App{
 // Versioning
 
 const (
-	repoMinVersion   = "v0.4.0-dev" // minimum supported Forklift version among repos
-	palletMinVersion = "v0.4.0-dev" // minimum supported Forklift version among pallets
-	fallbackVersion  = "v0.4.0-dev" // version reported by Forklift tool if actual version is unknown
+	repoMinVersion   = "v0.4.0"     // minimum supported Forklift version among repos
+	palletMinVersion = "v0.4.0"     // minimum supported Forklift version among pallets
+	fallbackVersion  = "v0.4.1-dev" // version reported by Forklift tool if actual version is unknown
 )
 
 var (