diff --git a/charts/chisel-operator/Chart.yaml b/charts/chisel-operator/Chart.yaml
index 607c6dc..f86f116 100644
--- a/charts/chisel-operator/Chart.yaml
+++ b/charts/chisel-operator/Chart.yaml
@@ -21,5 +21,5 @@ version: 0.1.0
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "v0.4.1"
+appVersion: "v0.5.0"
 
diff --git a/deploy/deployment.yaml b/deploy/deployment.yaml
index 14442bc..1602a95 100644
--- a/deploy/deployment.yaml
+++ b/deploy/deployment.yaml
@@ -19,7 +19,7 @@ spec:
       automountServiceAccountToken: true
       containers:
         - name: chisel-operator
-          image: ghcr.io/fyralabs/chisel-operator:v0.4.1
+          image: ghcr.io/fyralabs/chisel-operator:v0.5.0
           env:
             - name: RUST_LOG
               value: "debug"