diff --git a/example/basic/go.mod b/example/basic/go.mod
index 3e3618320f8..6e4fde14eec 100644
--- a/example/basic/go.mod
+++ b/example/basic/go.mod
@@ -4,4 +4,4 @@ go 1.13
 
 replace go.opentelemetry.io/otel => ../..
 
-require go.opentelemetry.io/otel v0.4.3
+require go.opentelemetry.io/otel v0.5.0
diff --git a/example/grpc/go.mod b/example/grpc/go.mod
index 59f87fa5040..7381880ea9b 100644
--- a/example/grpc/go.mod
+++ b/example/grpc/go.mod
@@ -6,7 +6,7 @@ replace go.opentelemetry.io/otel => ../..
 
 require (
 	github.com/golang/protobuf v1.3.2
-	go.opentelemetry.io/otel v0.4.3
+	go.opentelemetry.io/otel v0.5.0
 	golang.org/x/net v0.0.0-20190311183353-d8887717615a
 	google.golang.org/grpc v1.27.1
 )
diff --git a/example/http/go.mod b/example/http/go.mod
index 00f9d72807d..fc1b92d5c46 100644
--- a/example/http/go.mod
+++ b/example/http/go.mod
@@ -4,4 +4,4 @@ go 1.13
 
 replace go.opentelemetry.io/otel => ../..
 
-require go.opentelemetry.io/otel v0.4.3
+require go.opentelemetry.io/otel v0.5.0
diff --git a/example/jaeger/go.mod b/example/jaeger/go.mod
index a36ff34e387..ed023b8ae0c 100644
--- a/example/jaeger/go.mod
+++ b/example/jaeger/go.mod
@@ -8,6 +8,6 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v0.4.3
-	go.opentelemetry.io/otel/exporters/trace/jaeger v0.4.3
+	go.opentelemetry.io/otel v0.5.0
+	go.opentelemetry.io/otel/exporters/trace/jaeger v0.5.0
 )
diff --git a/example/namedtracer/go.mod b/example/namedtracer/go.mod
index 426b52a830e..6003fcfa8ea 100644
--- a/example/namedtracer/go.mod
+++ b/example/namedtracer/go.mod
@@ -4,4 +4,4 @@ go 1.13
 
 replace go.opentelemetry.io/otel => ../..
 
-require go.opentelemetry.io/otel v0.4.3
+require go.opentelemetry.io/otel v0.5.0
diff --git a/example/prometheus/go.mod b/example/prometheus/go.mod
index 1c33c5dc3dc..1f540ce877d 100644
--- a/example/prometheus/go.mod
+++ b/example/prometheus/go.mod
@@ -8,6 +8,6 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v0.4.3
-	go.opentelemetry.io/otel/exporters/metric/prometheus v0.4.3
+	go.opentelemetry.io/otel v0.5.0
+	go.opentelemetry.io/otel/exporters/metric/prometheus v0.5.0
 )
diff --git a/example/zipkin/go.mod b/example/zipkin/go.mod
index f5246b908c0..9999bca0fad 100644
--- a/example/zipkin/go.mod
+++ b/example/zipkin/go.mod
@@ -8,6 +8,6 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v0.4.3
-	go.opentelemetry.io/otel/exporters/trace/zipkin v0.4.3
+	go.opentelemetry.io/otel v0.5.0
+	go.opentelemetry.io/otel/exporters/trace/zipkin v0.5.0
 )
diff --git a/exporters/metric/prometheus/go.mod b/exporters/metric/prometheus/go.mod
index 75230ec20b1..c9c42f002cd 100644
--- a/exporters/metric/prometheus/go.mod
+++ b/exporters/metric/prometheus/go.mod
@@ -9,6 +9,6 @@ require (
 	github.com/prometheus/client_golang v1.5.0
 	github.com/prometheus/procfs v0.0.10 // indirect
 	github.com/stretchr/testify v1.4.0
-	go.opentelemetry.io/otel v0.4.3
+	go.opentelemetry.io/otel v0.5.0
 	golang.org/x/sys v0.0.0-20200302150141-5c8b2ff67527 // indirect
 )
diff --git a/exporters/otlp/go.mod b/exporters/otlp/go.mod
index b531257746e..f16ea562d8f 100644
--- a/exporters/otlp/go.mod
+++ b/exporters/otlp/go.mod
@@ -9,7 +9,7 @@ require (
 	github.com/grpc-ecosystem/grpc-gateway v1.14.3 // indirect
 	github.com/open-telemetry/opentelemetry-proto v0.3.0
 	github.com/stretchr/testify v1.4.0
-	go.opentelemetry.io/otel v0.4.3
+	go.opentelemetry.io/otel v0.5.0
 	golang.org/x/text v0.3.2 // indirect
 	google.golang.org/grpc v1.27.1
 )
diff --git a/exporters/trace/jaeger/go.mod b/exporters/trace/jaeger/go.mod
index e849c623817..dcbf19246f3 100644
--- a/exporters/trace/jaeger/go.mod
+++ b/exporters/trace/jaeger/go.mod
@@ -8,7 +8,7 @@ require (
 	github.com/apache/thrift v0.13.0
 	github.com/google/go-cmp v0.4.0
 	github.com/stretchr/testify v1.4.0
-	go.opentelemetry.io/otel v0.4.3
+	go.opentelemetry.io/otel v0.5.0
 	golang.org/x/sync v0.0.0-20190911185100-cd5d95a43a6e // indirect
 	google.golang.org/api v0.20.0
 	google.golang.org/grpc v1.27.1
diff --git a/exporters/trace/zipkin/go.mod b/exporters/trace/zipkin/go.mod
index aad3c458ef1..ba86783b3a5 100644
--- a/exporters/trace/zipkin/go.mod
+++ b/exporters/trace/zipkin/go.mod
@@ -7,6 +7,6 @@ replace go.opentelemetry.io/otel => ../../..
 require (
 	github.com/openzipkin/zipkin-go v0.2.2
 	github.com/stretchr/testify v1.4.0
-	go.opentelemetry.io/otel v0.4.3
+	go.opentelemetry.io/otel v0.5.0
 	google.golang.org/grpc v1.27.1
 )
diff --git a/sdk/opentelemetry.go b/sdk/opentelemetry.go
index 2393ef770e1..33a9a9456f4 100644
--- a/sdk/opentelemetry.go
+++ b/sdk/opentelemetry.go
@@ -17,5 +17,5 @@ package opentelemetry // import "go.opentelemetry.io/otel/sdk"
 
 // Version is the current release version of OpenTelemetry in use.
 func Version() string {
-	return "0.4.3"
+	return "0.5.0"
 }