diff --git a/NEWS.md b/NEWS.md
index ce17213cc..9b76173ac 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -7,6 +7,10 @@ User-visible changes worth mentioning.
 
 ## master
 
+- [#] Add your description here.
+
+## 5.0.1
+
 - [#1140] Allow rendering custom errors from exceptions (issue #844). Originally opened as [#944].
 - [#1138] Revert regression bug (check for token expiration in Authorizations controller so authorization
   triggers every time)
diff --git a/lib/doorkeeper/version.rb b/lib/doorkeeper/version.rb
index 5f2da8dad..cf2e9b0a0 100644
--- a/lib/doorkeeper/version.rb
+++ b/lib/doorkeeper/version.rb
@@ -9,7 +9,7 @@ module VERSION
     # Semantic versioning
     MAJOR = 5
     MINOR = 0
-    TINY = 0
+    TINY = 1
     PRE = nil
 
     # Full version number