diff --git a/CHANGELOG.md b/CHANGELOG.md
index 40dfcce8f7..4cb69faa0a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,14 +15,37 @@ Increment the:
 
 ## [Unreleased]
 
+## [1.5.0] 2022-07-29
+
+* [EXPORTER BUILD] Add resources to dep list of prometheus exporter test [#1527](https://github.com/open-telemetry/opentelemetry-cpp/pull/1527)
+* [BUILD] Don't require applications using jaeger exporter to know about libcurl
+  [#1518](https://github.com/open-telemetry/opentelemetry-cpp/pull/1518)
+* [EXPORTER] Inline print_value() in ostream exporter [#1512](https://github.com/open-telemetry/opentelemetry-cpp/pull/1512)
+* [SDK] fix: urlPaser will incorrect parsing url like "http://abc.com/xxx@xxx/a/b"
+  [#1511](https://github.com/open-telemetry/opentelemetry-cpp/pull/1511)
+* [SDK] Rename `InstrumentationLibrary` to `InstrumentationScope` [#1507](https://github.com/open-telemetry/opentelemetry-cpp/pull/1507)
+* [BUILD] Try to build nlohmann-json only it's depended. [#1505](https://github.com/open-telemetry/opentelemetry-cpp/pull/1505)
+* [EXPORTER BUILD] Link opentelemetry_api to ETW exporter test [#1503](https://github.com/open-telemetry/opentelemetry-cpp/pull/1503)
+* [SDK] Add automatically semantic conventions from the spec (#873) [#1497](https://github.com/open-telemetry/opentelemetry-cpp/pull/1497)
+* [SDK] Use template class for in-memory data. [#1496](https://github.com/open-telemetry/opentelemetry-cpp/pull/1496)
+* [SDK] fix compiler warnings [#1499](https://github.com/open-telemetry/opentelemetry-cpp/pull/1499)
 * [TRACE SDK] Add trace sdk builders (#1393) [#1471](https://github.com/open-telemetry/opentelemetry-cpp/pull/1471)
+* [METRICS BUILD] Enable bazel build for metrics proto files [#1489](https://github.com/open-telemetry/opentelemetry-cpp/pull/1489)
+* [METRICS EXPORTER] Add metrics OTLP/HTTP exporter [#1487](https://github.com/open-telemetry/opentelemetry-cpp/pull/1487)
+* [EXPORTER] fix otlp grpc exporter naming [#1488](https://github.com/open-telemetry/opentelemetry-cpp/pull/1488)
+* [BUILD] Remove `--config Debug` when installing. [#1480](https://github.com/open-telemetry/opentelemetry-cpp/pull/1480)
+* [EXPORTER] Fix endpoint in otlp grpc exporter [#1474](https://github.com/open-telemetry/opentelemetry-cpp/pull/1474)
 * [EXAMPLE] Fix memory ownership of InMemorySpanExporter (#1473) [#1471](https://github.com/open-telemetry/opentelemetry-cpp/pull/1471)
-* [EXPORTER] Add metrics OTLP/HTTP exporter [#1487](https://github.com/open-telemetry/opentelemetry-cpp/pull/1487)
-* [EXPORTER] OTLP http exporter allow concurrency session ([#1209](https://github.com/open-telemetry/opentelemetry-cpp/pull/1209))
+* [EXPORTER TESTS] Prometheus unit test [#1461](https://github.com/open-telemetry/opentelemetry-cpp/pull/1461)
+* [DOCS] Update docs to use relative code links. [#1447](https://github.com/open-telemetry/opentelemetry-cpp/pull/1447)
+* [SDK] Remove reference to deprecated InstrumentationLibrary in OTLP [#1469](https://github.com/open-telemetry/opentelemetry-cpp/pull/1469)
+* [SDK] Fix trace kIsSampled flag set incorrectly [#1465](https://github.com/open-telemetry/opentelemetry-cpp/pull/1465)
+* [METRICS EXPORTER] OTLP gRPC Metrics Exporter [#1454](https://github.com/open-telemetry/opentelemetry-cpp/pull/1454)
+* [EXPORTER] fix prometheus exporter failure type [#1460](https://github.com/open-telemetry/opentelemetry-cpp/pull/1460)
+* [SDK] Fix build warnings about missing aggregates. [#1368](https://github.com/open-telemetry/opentelemetry-cpp/pull/1368)
 * [EXT] `curl::HttpClient` use `curl_multi_handle` instead of creating a thread
   for every request and it's able to reuse connections now. ([#1317](https://github.com/open-telemetry/opentelemetry-cpp/pull/1317))
 * [SEMANTIC CONVENTIONS] Upgrade to version 1.12.0 [#873](https://github.com/open-telemetry/opentelemetry-cpp/pull/873)
-* [SDK] Rename `InstrumentationLibrary` to `InstrumentationScope` [#1507](https://github.com/open-telemetry/opentelemetry-cpp/pull/1507)
 
 ## [1.4.1] 2022-06-19
 
diff --git a/api/include/opentelemetry/version.h b/api/include/opentelemetry/version.h
index 94eab3efc4..6fbd2188f9 100644
--- a/api/include/opentelemetry/version.h
+++ b/api/include/opentelemetry/version.h
@@ -6,7 +6,7 @@
 #include "opentelemetry/detail/preprocessor.h"
 
 #define OPENTELEMETRY_ABI_VERSION_NO 1
-#define OPENTELEMETRY_VERSION "1.4.1"
+#define OPENTELEMETRY_VERSION "1.5.0"
 #define OPENTELEMETRY_ABI_VERSION OPENTELEMETRY_STRINGIFY(OPENTELEMETRY_ABI_VERSION_NO)
 
 // clang-format off
diff --git a/docs/public/conf.py b/docs/public/conf.py
index bbdcfd9923..76f3e11102 100644
--- a/docs/public/conf.py
+++ b/docs/public/conf.py
@@ -21,7 +21,7 @@
 author = 'OpenTelemetry authors'
 
 # The full version, including alpha/beta/rc tags
-release = '1.4.1'
+release = "1.5.0"
 
 # Run sphinx on subprojects and copy output
 # -----------------------------------------
diff --git a/sdk/include/opentelemetry/sdk/version/version.h b/sdk/include/opentelemetry/sdk/version/version.h
index 0a7a60b302..7e1bd918dd 100644
--- a/sdk/include/opentelemetry/sdk/version/version.h
+++ b/sdk/include/opentelemetry/sdk/version/version.h
@@ -5,7 +5,7 @@
 
 #include "opentelemetry/detail/preprocessor.h"
 
-#define OPENTELEMETRY_SDK_VERSION "1.4.1"
+#define OPENTELEMETRY_SDK_VERSION "1.5.0"
 
 #include "opentelemetry/version.h"
 
diff --git a/sdk/src/version/version.cc b/sdk/src/version/version.cc
index 6a6aa6ec9f..0149608a2e 100644
--- a/sdk/src/version/version.cc
+++ b/sdk/src/version/version.cc
@@ -9,17 +9,17 @@ namespace sdk
 namespace version
 {
 const int MAJOR_VERSION     = 1;
-const int MINOR_VERSION     = 4;
-const int PATCH_VERSION     = 1;
+const int MINOR_VERSION     = 5;
+const int PATCH_VERSION     = 0;
 const char *PRE_RELEASE     = "NONE";
 const char *BUILD_METADATA  = "NONE";
-const int COUNT_NEW_COMMITS = 20;
-const char *BRANCH          = "pre_release_1.4.1";
-const char *COMMIT_HASH     = "7f4eaac3c296d5198e5b4be3a2222ade85551759";
-const char *SHORT_VERSION   = "1.4.1";
+const int COUNT_NEW_COMMITS = 25;
+const char *BRANCH          = "pre_release_1.5.0";
+const char *COMMIT_HASH     = "0015475adc9aa559cd65ea814c08ec574cda141a";
+const char *SHORT_VERSION   = "1.5.0";
 const char *FULL_VERSION =
-    "1.4.1-NONE-NONE-20-pre_release_1.4.1-7f4eaac3c296d5198e5b4be3a2222ade85551759";
-const char *BUILD_DATE = "Sun Jun 19 16:34:17 UTC 2022";
+    "1.5.0-NONE-NONE-25-pre_release_1.5.0-0015475adc9aa559cd65ea814c08ec574cda141a";
+const char *BUILD_DATE = "Fri Jul 29 23:20:17 UTC 2022";
 }  // namespace version
 }  // namespace sdk
 OPENTELEMETRY_END_NAMESPACE