diff --git a/exporter/otlp-metrics/CHANGELOG.md b/exporter/otlp-metrics/CHANGELOG.md
index 505b6220bc..d622cde921 100644
--- a/exporter/otlp-metrics/CHANGELOG.md
+++ b/exporter/otlp-metrics/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Release History: opentelemetry-exporter-otlp-metrics
 
+### v0.5.0 / 2025-06-23
+
+* ADDED: Add exponential histogram in otlp metrics exporter
+
 ### v0.4.1 / 2025-04-17
 
 * FIXED: Update out-of-date google-protobuf-any
diff --git a/exporter/otlp-metrics/lib/opentelemetry/exporter/otlp/metrics/version.rb b/exporter/otlp-metrics/lib/opentelemetry/exporter/otlp/metrics/version.rb
index 82d6d5498e..0621140260 100644
--- a/exporter/otlp-metrics/lib/opentelemetry/exporter/otlp/metrics/version.rb
+++ b/exporter/otlp-metrics/lib/opentelemetry/exporter/otlp/metrics/version.rb
@@ -9,7 +9,7 @@ module Exporter
     module OTLP
       module Metrics
         ## Current OpenTelemetry OTLP exporter version
-        VERSION = '0.4.1'
+        VERSION = '0.5.0'
       end
     end
   end