diff --git a/setup.py b/setup.py
index 3d6fa961b6b41638a47f4fb60e61add39e7680e1..b488ee4ca834790df682658a1199f313b532252d 100755
--- a/setup.py
+++ b/setup.py
@@ -47,9 +47,9 @@ from setuptools import find_packages, setup
 
 MAJOR = 0
 MINOR = 5
-MICRO = 0
+MICRO = 1
 PRE = ""  # e.g. rc0, alpha.1, 0.beta-23
-ISRELEASED = True
+ISRELEASED = False
 
 if PRE:
     VERSION = "{}.{}.{}-{}".format(MAJOR, MINOR, MICRO, PRE)