diff --git a/DotNetNuke.R7.Tests/DotNetNuke.R7.Tests.csproj b/DotNetNuke.R7.Tests/DotNetNuke.R7.Tests.csproj
index 7740584..f3a9a26 100644
--- a/DotNetNuke.R7.Tests/DotNetNuke.R7.Tests.csproj
+++ b/DotNetNuke.R7.Tests/DotNetNuke.R7.Tests.csproj
@@ -8,7 +8,7 @@
     <RootNamespace>DotNetNuke.R7.Tests</RootNamespace>
     <AssemblyName>DotNetNuke.R7.Tests</AssemblyName>
     <TargetFrameworkVersion>v4.5</TargetFrameworkVersion>
-    <ReleaseVersion>0.4.1</ReleaseVersion>
+    <ReleaseVersion>0.5.0</ReleaseVersion>
   </PropertyGroup>
   <PropertyGroup Condition=" '$(Configuration)|$(Platform)' == 'Debug|AnyCPU' ">
     <DebugSymbols>true</DebugSymbols>
diff --git a/DotNetNuke.R7.sln b/DotNetNuke.R7.sln
index a790579..85f2002 100644
--- a/DotNetNuke.R7.sln
+++ b/DotNetNuke.R7.sln
@@ -54,6 +54,6 @@ Global
 		$2.inheritsSet = Mono
 		$2.inheritsScope = text/x-csharp
 		$2.scope = text/x-csharp
-		version = 0.4.1
+		version = 0.5.0
 	EndGlobalSection
 EndGlobal
diff --git a/DotNetNuke.R7/DotNetNuke.R7.csproj b/DotNetNuke.R7/DotNetNuke.R7.csproj
index 0a83831..e0f35a1 100644
--- a/DotNetNuke.R7/DotNetNuke.R7.csproj
+++ b/DotNetNuke.R7/DotNetNuke.R7.csproj
@@ -8,7 +8,7 @@
     <RootNamespace>DotNetNuke.R7</RootNamespace>
     <AssemblyName>DotNetNuke.R7</AssemblyName>
     <TargetFrameworkVersion>v4.5</TargetFrameworkVersion>
-    <ReleaseVersion>0.4.1</ReleaseVersion>
+    <ReleaseVersion>0.5.0</ReleaseVersion>
     <Description>DotNetNuke.R7 is a library for DNN Platform web CMS extensions development (primarily, modules). It includes DAL2-based generic controller, a set of base classes for modules and settings, useful extension methods for webcontrols and strings, various utilities and some version-specific hacks.</Description>
   </PropertyGroup>
   <PropertyGroup Condition=" '$(Configuration)|$(Platform)' == 'Debug|AnyCPU' ">
diff --git a/DotNetNuke.R7/DotNetNuke.R7.dnn b/DotNetNuke.R7/DotNetNuke.R7.dnn
index d0ce6d7..eaa6a45 100644
--- a/DotNetNuke.R7/DotNetNuke.R7.dnn
+++ b/DotNetNuke.R7/DotNetNuke.R7.dnn
@@ -1,6 +1,6 @@
 <dotnetnuke type="Package" version="5.0">
     <packages>
-        <package name="DotNetNuke.R7" type="Library" version="00.04.01">
+        <package name="DotNetNuke.R7" type="Library" version="00.05.00">
             <friendlyName>DotNetNuke.R7</friendlyName>
             <description>DotNetNuke.R7 is a library for DNN Platform web CMS extensions development (primarily, modules). 
             It includes DAL2-based generic controller, a set of base classes for modules and settings, 
diff --git a/DotNetNuke.R7/DotNetNuke.R7.nuspec b/DotNetNuke.R7/DotNetNuke.R7.nuspec
index 6d2e6d5..4f3d5da 100644
--- a/DotNetNuke.R7/DotNetNuke.R7.nuspec
+++ b/DotNetNuke.R7/DotNetNuke.R7.nuspec
@@ -14,7 +14,12 @@
             useful extension methods for webcontrols and strings, various utilities and some version-specific hacks.
         </description>
         <summary>DotNetNuke.R7 is a library for DNN Platform web CMS extensions development (NOT STABLE).</summary>
-        <releaseNotes>Add Dal2DataProvider, obsolete ControllerBase; Add ViewModelContext class.</releaseNotes>
+        <releaseNotes>
+            - Obsolete ExtendedModuleSettingsBase, ExtendedPortalModuleBase, EditModuleBase classes;
+            - Provide replacements for obsoleted classes (ModuleSettingsBase{TSettings}, PortalModuleBase{TSettings}, 
+                EditPortalModuleBase{TItem,TItemId}) in the DotNetNuke.R7.Entities.Modules namespace;
+            - Add generic ParseToNullable{T} method to TextUtils class.
+        </releaseNotes>
         <copyright>Copyright 2014-2015 Roman M. Yagodin &lt;roman.yagodin@gmail.com&gt;</copyright>
         <tags>DotNetNuke DNN</tags>
         <dependencies>
diff --git a/DotNetNuke.R7/Properties/AssemblyInfo.cs b/DotNetNuke.R7/Properties/AssemblyInfo.cs
index 1df3fdc..44a9220 100644
--- a/DotNetNuke.R7/Properties/AssemblyInfo.cs
+++ b/DotNetNuke.R7/Properties/AssemblyInfo.cs
@@ -42,7 +42,7 @@
 // The form "{Major}.{Minor}.*" will automatically update the build and revision,
 // and "{Major}.{Minor}.{Build}.*" will update just the revision.
 
-[assembly: AssemblyVersion("0.4.0.*")]
+[assembly: AssemblyVersion("0.5.0.*")]
 
 // The following attributes are used to specify the signing key for the assembly,
 // if desired. See the Mono documentation for more information about signing.
diff --git a/DotNetNuke.R7/releaseNotes.htm b/DotNetNuke.R7/releaseNotes.htm
index 4f0f5ba..ca13c1e 100644
--- a/DotNetNuke.R7/releaseNotes.htm
+++ b/DotNetNuke.R7/releaseNotes.htm
@@ -1,4 +1,11 @@
 <div style="white-space:normal">
+<h3>Version 0.5.0</h3>
+<ul>
+    <li>Obsolete ExtendedModuleSettingsBase, ExtendedPortalModuleBase, EditModuleBase classes.</li>
+    <li>Provide replacements for obsoleted classes (ModuleSettingsBase{TSettings}, PortalModuleBase{TSettings}, 
+    EditPortalModuleBase{TItem,TItemId}) in the DotNetNuke.R7.Entities.Modules namespace.</li>
+    <li>Add generic ParseToNullable{T} method to TextUtils class.</li>
+</ul>
 <h3>Version 0.4.1</h3>
 <ul>
     <li>Fix wrong namespace name for ViewModelContext class.</li>