diff --git a/CHANGELOG.md b/CHANGELOG.md
index d072a033b5..ff6d6551e5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # PowerShell Extension Release History
 
+## v2024.5.0-preview
+### Wednesday, October 30, 2024
+
+With PowerShell Editor Services [v3.21.0](https://github.com/PowerShell/PowerShellEditorServices/releases/tag/v3.21.0)!
+
+Call-operator support and various bug fixes
+
+See more details at the GitHub Release for [v2024.5.0-preview](https://github.com/PowerShell/vscode-powershell/releases/tag/v2024.5.0-preview).
+
 ## v2024.2.2
 ### Friday, May 03, 2024
 
diff --git a/package.json b/package.json
index a18d5c2ffc..cc9a640759 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "powershell",
   "displayName": "PowerShell",
-  "version": "2024.2.2",
+  "version": "2024.5.0",
   "preview": false,
   "publisher": "ms-vscode",
   "description": "Develop PowerShell modules, commands and scripts in Visual Studio Code!",