diff --git a/CHANGELOG b/CHANGELOG
index ea6c7e4faa7..098ff76bfd6 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,3 +1,9 @@
+v0.4.5
+* Flush headers immediatly on `wait=true` requests (#877)
+* Add `ETCD_HTTP_READ_TIMEOUT` and `ETCD_HTTP_WRITE_TIMEOUT` (#880)
+* Add `ETCDCTL_PEERS` configuration to etcdctl (#95)
+* etcdctl takes stdin for mk (#91)
+
 v0.4.4
 * Fix `--no-sync` flag in etcdctl (#83)
 * Improved logging for machine removal (#844)
diff --git a/README.md b/README.md
index 5b04464020a..215700f88d4 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # etcd
 
-README version 0.4.4
+README version 0.4.5
 
 A highly-available key value store for shared configuration and service discovery.
 etcd is inspired by [Apache ZooKeeper][zookeeper] and [doozer][doozer], with a focus on being:
diff --git a/server/release_version.go b/server/release_version.go
index 7d027606ad8..fc30f4b16cf 100644
--- a/server/release_version.go
+++ b/server/release_version.go
@@ -1,3 +1,3 @@
 package server
 
-const ReleaseVersion = "0.4.4+git"
+const ReleaseVersion = "0.4.5"