diff --git a/circuits/cpp/barretenberg/.gitrepo b/circuits/cpp/barretenberg/.gitrepo
index d6cf55bfe4a5..9e963a099a64 100644
--- a/circuits/cpp/barretenberg/.gitrepo
+++ b/circuits/cpp/barretenberg/.gitrepo
@@ -6,7 +6,7 @@
 [subrepo]
 	remote = https://github.com/AztecProtocol/barretenberg
 	branch = master
-	commit = 5d8db8eb993334b43e24a51efba9c59e123320ab
+	commit = 41e028d834e4540a95ea10afba946299745eac8a
 	parent = e72830468362f2ea26b3f830b7e056b096f56d6a
 	method = merge
 	cmdver = 0.4.6
diff --git a/circuits/cpp/barretenberg/.release-please-manifest.json b/circuits/cpp/barretenberg/.release-please-manifest.json
index 0adc66ce6204..448138d53103 100644
--- a/circuits/cpp/barretenberg/.release-please-manifest.json
+++ b/circuits/cpp/barretenberg/.release-please-manifest.json
@@ -1 +1 @@
-{".":"0.4.6","ts":"0.4.6"}
\ No newline at end of file
+{".":"0.5.0","ts":"0.5.0"}
\ No newline at end of file
diff --git a/circuits/cpp/barretenberg/CHANGELOG.md b/circuits/cpp/barretenberg/CHANGELOG.md
index 79339a20a83f..76fe59e14cd5 100644
--- a/circuits/cpp/barretenberg/CHANGELOG.md
+++ b/circuits/cpp/barretenberg/CHANGELOG.md
@@ -1,5 +1,22 @@
 # Changelog
 
+## [0.5.0](https://github.com/AztecProtocol/barretenberg/compare/barretenberg-v0.4.6...barretenberg-v0.5.0) (2023-09-01)
+
+
+### ⚠ BREAKING CHANGES
+
+* update to acvm 0.24.0 ([#1925](https://github.com/AztecProtocol/barretenberg/issues/1925))
+
+### Bug Fixes
+
+* Benchmark preset uses clang16 ([#1902](https://github.com/AztecProtocol/barretenberg/issues/1902)) ([cd0ff0e](https://github.com/AztecProtocol/barretenberg/commit/cd0ff0e2c049917ec47a110b45d76bed4c00ae2a))
+* Reset keccak var inputs to 0 ([#1881](https://github.com/AztecProtocol/barretenberg/issues/1881)) ([23011ee](https://github.com/AztecProtocol/barretenberg/commit/23011ee1ea7f1b00b0f4194ebceedc75ea01c157))
+
+
+### Miscellaneous Chores
+
+* Update to acvm 0.24.0 ([#1925](https://github.com/AztecProtocol/barretenberg/issues/1925)) ([5d8db8e](https://github.com/AztecProtocol/barretenberg/commit/5d8db8eb993334b43e24a51efba9c59e123320ab))
+
 ## [0.4.6](https://github.com/AztecProtocol/barretenberg/compare/barretenberg-v0.4.5...barretenberg-v0.4.6) (2023-08-29)
 
 
diff --git a/circuits/cpp/barretenberg/VERSION b/circuits/cpp/barretenberg/VERSION
index 17fe4efbb735..d20dbcc13721 100644
--- a/circuits/cpp/barretenberg/VERSION
+++ b/circuits/cpp/barretenberg/VERSION
@@ -1 +1 @@
-v0.4.6 x-release-please-version
+v0.5.0 x-release-please-version
diff --git a/circuits/cpp/barretenberg/barretenberg-wasm.nix b/circuits/cpp/barretenberg/barretenberg-wasm.nix
index e5efdc0568a4..def57e2d87d9 100644
--- a/circuits/cpp/barretenberg/barretenberg-wasm.nix
+++ b/circuits/cpp/barretenberg/barretenberg-wasm.nix
@@ -6,7 +6,7 @@ in
 stdenv.mkDerivation
 {
   pname = "barretenberg.wasm";
-  version = "0.4.6"; # x-release-please-version
+  version = "0.5.0"; # x-release-please-version
 
   src = ./cpp;
 
diff --git a/circuits/cpp/barretenberg/barretenberg.nix b/circuits/cpp/barretenberg/barretenberg.nix
index 0007c5d2092c..7e16af818a5f 100644
--- a/circuits/cpp/barretenberg/barretenberg.nix
+++ b/circuits/cpp/barretenberg/barretenberg.nix
@@ -14,7 +14,7 @@ in
 buildEnv.mkDerivation
 {
   pname = "libbarretenberg";
-  version = "0.4.6"; # x-release-please-version
+  version = "0.5.0"; # x-release-please-version
 
   src = ./cpp;
 
diff --git a/circuits/cpp/barretenberg/cpp/CMakeLists.txt b/circuits/cpp/barretenberg/cpp/CMakeLists.txt
index 6eecea9a54c9..925045269850 100644
--- a/circuits/cpp/barretenberg/cpp/CMakeLists.txt
+++ b/circuits/cpp/barretenberg/cpp/CMakeLists.txt
@@ -6,7 +6,7 @@ cmake_minimum_required(VERSION 3.24)
 project(
     Barretenberg
     DESCRIPTION "BN254 elliptic curve library, and PLONK SNARK prover"
-    VERSION 0.4.6 # x-release-please-version
+    VERSION 0.5.0 # x-release-please-version
     LANGUAGES CXX C
 )
 
diff --git a/circuits/cpp/barretenberg/ts/CHANGELOG.md b/circuits/cpp/barretenberg/ts/CHANGELOG.md
index 7d7dea917a80..4fb66eb136a0 100644
--- a/circuits/cpp/barretenberg/ts/CHANGELOG.md
+++ b/circuits/cpp/barretenberg/ts/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## [0.5.0](https://github.com/AztecProtocol/barretenberg/compare/barretenberg.js-v0.4.6...barretenberg.js-v0.5.0) (2023-09-01)
+
+
+### ⚠ BREAKING CHANGES
+
+* update to acvm 0.24.0 ([#1925](https://github.com/AztecProtocol/barretenberg/issues/1925))
+
+### Miscellaneous Chores
+
+* Update to acvm 0.24.0 ([#1925](https://github.com/AztecProtocol/barretenberg/issues/1925)) ([5d8db8e](https://github.com/AztecProtocol/barretenberg/commit/5d8db8eb993334b43e24a51efba9c59e123320ab))
+
 ## [0.4.6](https://github.com/AztecProtocol/barretenberg/compare/barretenberg.js-v0.4.5...barretenberg.js-v0.4.6) (2023-08-29)
 
 
diff --git a/circuits/cpp/barretenberg/ts/package.json b/circuits/cpp/barretenberg/ts/package.json
index 4c3655765492..310398c695b6 100644
--- a/circuits/cpp/barretenberg/ts/package.json
+++ b/circuits/cpp/barretenberg/ts/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@aztec/bb.js",
-  "version": "0.4.6",
+  "version": "0.5.0",
   "homepage": "https://github.com/AztecProtocol/aztec-packages/tree/master/circuits/cpp/barretenberg/ts",
   "license": "MIT",
   "type": "module",