diff --git a/webpack_loader/__init__.py b/webpack_loader/__init__.py
index e3a64fcd..1d8ed84b 100644
--- a/webpack_loader/__init__.py
+++ b/webpack_loader/__init__.py
@@ -1,4 +1,4 @@
 __author__ = 'Owais Lone'
-__version__ = '0.4.1'
+__version__ = '0.5.0'
 
 default_app_config = 'webpack_loader.apps.WebpackLoaderConfig'