diff --git a/NEWS b/NEWS
index 3a393db06..b80f327e4 100644
--- a/NEWS
+++ b/NEWS
@@ -1,18 +1,24 @@
 master:
 
+5.0.0 (2016-07-01):
+
 * Improvement: Add `read_timeout` configuration for URI Adapter download_content method.
 * README adjustments for Ruby beginners (add links, elucidate model in Quick Start)
 * Bugfix: Now it's possible to save images from URLs with special characters [#1932]
+* Bugfix: Return false when file to copy is not present in cloud storage [#2173]
+* Automatically close file while checking mime type [#2016]
+* Add `read_timeout` option to `UriAdapter#download_content` method [#2232]
 * Fix a nil error in content type validation matcher [#1910]
+* Documentation improvements
 
-5.0.0.beta2 (2015-04-01):
+5.0.0.beta2 (2016-04-01):
 
 * Bugfix: Dynamic fog directory option is now respected
 * Bugfix: Fixes cocaine duplicated paths [#2169]
 * Removal of dead code (older versions of Rails and AWS SDK)
 * README adjustments
 
-5.0.0.beta1 (2015-03-13):
+5.0.0.beta1 (2016-03-13):
 
 * Bug Fix: megabytes of mime-types info in logs when a spoofed media type is detected.
 * Drop support to end-of-life'd ruby 2.0.
diff --git a/README.md b/README.md
index ef9f79f4b..1c74d3f80 100644
--- a/README.md
+++ b/README.md
@@ -166,7 +166,7 @@ Paperclip is distributed as a gem, which is how it should be used in your app.
 Include the gem in your Gemfile:
 
 ```ruby
-gem "paperclip", "~> 5.0.0.beta1"
+gem "paperclip", "~> 5.0.0"
 ```
 
 Or, if you want to get the latest, you can get master from the main paperclip repository:
diff --git a/lib/paperclip/version.rb b/lib/paperclip/version.rb
index b2dd8e4e9..f3402e4ae 100644
--- a/lib/paperclip/version.rb
+++ b/lib/paperclip/version.rb
@@ -1,3 +1,5 @@
 module Paperclip
-  VERSION = "5.0.0.beta2" unless defined? Paperclip::VERSION
+  unless defined?(Paperclip::VERSION)
+    VERSION = "5.0.0".freeze
+  end
 end