diff --git a/CHANGELOG.md b/CHANGELOG.md
index 46ef4f8..bd97465 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,12 @@
 
 ## [Unreleased]
 
+## [0.5.0]
+
+### Added
+
+- Schema for Spawning Gear Configuration for 1.23 game update.
+
 ## [0.4.0]
 
 ### Added
diff --git a/README.md b/README.md
index 0ee1c76..dd998bf 100644
--- a/README.md
+++ b/README.md
@@ -42,8 +42,15 @@ Completion and validation for Object Spawner custom lists currently only works
 For example, the `objectSpawners/nwaf.json` file will have completion and validation according to the [Object Spawner](https://community.bistudio.com/wiki?title=DayZ%3AObject_Spawner) rules, but `custom/berezino.json` or `altartrader.json` will not.
 *This is due to limitations of the VS Code JSON Schema API and may be resolved in the future.* 
 
+Completion and validation for Spawning Gear Configuration currently only works for json files in the `spawnPresets` folder **or** files which name ends with `_loadout` (e.g. `deathmatch_loadout.json`).
+
 ## Release Notes
 
+### 0.5.0
+
+- Updated schemas for DayZ 1.23 Experimental 
+- Added schema for Spawning Gear Configuration.
+
 ### 0.4.0
 
 - Added Ability for users to add documentation links.
diff --git a/package.json b/package.json
index bf9181f..17b3af8 100644
--- a/package.json
+++ b/package.json
@@ -4,7 +4,7 @@
   "description": "Schema validation for DayZ CE configuration files",
   "publisher": "rvost",
   "license": "EPL-2.0",
-  "version": "0.4.1",
+  "version": "0.5.0",
   "icon": "assets/icon.png",
   "engines": {
     "vscode": "^1.82.0"
@@ -64,6 +64,15 @@
       {
         "fileMatch": "**/objectSpawners/*.json",
         "url": "https://rvost.github.io/DayZ-Central-Economy-Schema/objectSpawner.schema.json"
+      },
+      {
+        "fileMatch": [
+          "cfgPlayerSpawnGear.json",
+          "cfgplayerspawnGear.json",
+          "**/*_loadout.json",
+          "**/spawnPresets/*.json"
+        ],
+        "url": "https://rvost.github.io/DayZ-Central-Economy-Schema/cfgPlayerSpawnGear.schema.json"
       }
     ],
     "configuration": {