diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 4cff5b9..f1c1e58 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.4.2"
+  ".": "0.5.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index c15877b..6b549b8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## [0.5.0](https://github.com/launchdarkly/openfeature-python-server/compare/0.4.2...0.5.0) (2025-10-29)
+
+
+### Features
+
+* Bump openfeature-sdk to v0.8+ ([b0f2c61](https://github.com/launchdarkly/openfeature-python-server/commit/b0f2c619d01a71b9509c8d61e285f1ff661d873e))
+
+
+### Bug Fixes
+
+* Re-export underlying launchdarkly config type ([#33](https://github.com/launchdarkly/openfeature-python-server/issues/33)) ([661426e](https://github.com/launchdarkly/openfeature-python-server/commit/661426e42a13a344a1f05ff60a56c16bc952f231)), closes [#32](https://github.com/launchdarkly/openfeature-python-server/issues/32)
+
 ## [0.4.2](https://github.com/launchdarkly/openfeature-python-server/compare/0.4.1...0.4.2) (2025-07-08)
 
 
diff --git a/docs/conf.py b/docs/conf.py
index f0c3012..fd37005 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -30,9 +30,9 @@
 author = u'LaunchDarkly'
 
 # The short X.Y version.
-version = '0.4.2' # x-release-please-version
+version = '0.5.0' # x-release-please-version
 # The full version, including alpha/beta/rc tags.
-release = '0.4.2' # x-release-please-version
+release = '0.5.0' # x-release-please-version
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/pyproject.toml b/pyproject.toml
index 34bd7d0..64551b1 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "launchdarkly-openfeature-server"
-version = "0.4.2"
+version = "0.5.0"
 description = "An OpenFeature provider for the LaunchDarkly Python server SDK"
 authors = ["LaunchDarkly <dev@launchdarkly.com>"]
 license = "Apache-2.0"