diff --git a/extension/package.json b/extension/package.json
index 0b4150cdfe4..46d66b12630 100644
--- a/extension/package.json
+++ b/extension/package.json
@@ -3,7 +3,7 @@
   "displayName": "Aspire",
   "description": "%extension.description%",
   "publisher": "microsoft-aspire",
-  "version": "0.4.1",
+  "version": "0.5.0",
   "aiKey": "0c6ae279ed8443289764825290e4f9e2-1a736e7c-1324-4338-be46-fc2a58ae4d14-7255",
   "icon": "dotnet-aspire-logo-128.png",
   "license": "SEE LICENSE IN LICENSE.TXT",