diff --git a/.github/workflows/python-app.yml b/.github/workflows/python-app.yml
index 43a918da..91296f8c 100644
--- a/.github/workflows/python-app.yml
+++ b/.github/workflows/python-app.yml
@@ -18,7 +18,7 @@ jobs:
     runs-on: ubuntu-20.04  # keep it on 20.04 to have Python 3.5 and 3.6 available
     strategy:
       matrix:
-        python-version: ["3.5", "3.6", "3.7", "3.8", "3.9", "3.10", "3.11", "3.12-dev"]
+        python-version: ["3.6", "3.7", "3.8", "3.9", "3.10", "3.11", "3.12-dev"]
 
     steps:
     - uses: actions/checkout@v3
diff --git a/CHANGELOG b/CHANGELOG
index 4f393b9c..0102cd0c 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,7 +1,9 @@
 Development Version
 -------------------
 
-Nothing yet.
+Notable Changes
+
+* Drop support for Python 3.5.
 
 
 Release 0.4.4 (Apr 18, 2023)
diff --git a/README.rst b/README.rst
index df4e7e36..67ddaf96 100644
--- a/README.rst
+++ b/README.rst
@@ -11,7 +11,7 @@ python-sqlparse - Parse SQL statements
 sqlparse is a non-validating SQL parser for Python.
 It provides support for parsing, splitting and formatting SQL statements.
 
-The module is compatible with Python 3.5+ and released under the terms of the
+The module is compatible with Python 3.6+ and released under the terms of the
 `New BSD license <https://opensource.org/licenses/BSD-3-Clause>`_.
 
 Visit the project page at https://github.com/andialbrecht/sqlparse for
diff --git a/pyproject.toml b/pyproject.toml
index f6eadb89..4bdbe1b4 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -16,7 +16,6 @@ classifiers = [
     "Programming Language :: Python",
     "Programming Language :: Python :: 3",
     "Programming Language :: Python :: 3 :: Only",
-    "Programming Language :: Python :: 3.5",
     "Programming Language :: Python :: 3.6",
     "Programming Language :: Python :: 3.7",
     "Programming Language :: Python :: 3.8",
@@ -28,7 +27,7 @@ classifiers = [
     "Topic :: Database",
     "Topic :: Software Development",
 ]
-requires-python = ">=3.5"
+requires-python = ">=3.6"
 
 [project.urls]
 Home = "https://github.com/andialbrecht/sqlparse"
diff --git a/sqlparse/__init__.py b/sqlparse/__init__.py
index db0d2fc9..cfd4e2fd 100644
--- a/sqlparse/__init__.py
+++ b/sqlparse/__init__.py
@@ -16,7 +16,7 @@
 from sqlparse import formatter
 
 
-__version__ = '0.4.5.dev0'
+__version__ = '0.5.0.dev0'
 __all__ = ['engine', 'filters', 'formatter', 'sql', 'tokens', 'cli']