diff --git a/Cargo.lock b/Cargo.lock
index 290728a22..3dc766601 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1915,7 +1915,7 @@ dependencies = [
 
 [[package]]
 name = "mountpoint-s3"
-version = "1.4.1"
+version = "1.5.0"
 dependencies = [
  "anyhow",
  "assert_cmd",
diff --git a/mountpoint-s3/CHANGELOG.md b/mountpoint-s3/CHANGELOG.md
index 707abe35b..37dc4b666 100644
--- a/mountpoint-s3/CHANGELOG.md
+++ b/mountpoint-s3/CHANGELOG.md
@@ -1,5 +1,15 @@
 ## Unreleased
 
+## v1.5.0 (March 7, 2024)
+
+### New features
+* When caching is enabled, Mountpoint also remembers when objects do **not** exist, in order to reduce repeated lookups. ([#696](https://github.com/awslabs/mountpoint-s3/pull/696))
+
+### Other changes
+* Cancel S3 requests when dropped. Addresses an issue where the prefetcher could keep streaming up to 2GB of data that would never be used. ([#794](https://github.com/awslabs/mountpoint-s3/pull/794))
+* Improve read throughput in more non-sequential access patterns by better accounting for the progress of in-flight prefetch requests. ([#797](https://github.com/awslabs/mountpoint-s3/pull/797))
+* Stop limiting the number of connections based on the number of known IPs when connecting to S3. Improves maximum throughput on S3 Express. ([#796](https://github.com/awslabs/mountpoint-s3/pull/796))
+
 ## v1.4.1 (February 16, 2024)
 
 ### Other changes
diff --git a/mountpoint-s3/Cargo.toml b/mountpoint-s3/Cargo.toml
index c97c5a112..9a0c18fb0 100644
--- a/mountpoint-s3/Cargo.toml
+++ b/mountpoint-s3/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "mountpoint-s3"
-version = "1.4.1"
+version = "1.5.0"
 edition = "2021"
 license = "Apache-2.0"
 publish = false