diff --git a/CHANGELOG.md b/CHANGELOG.md
index 61be788..dce829b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,13 @@
+# 0.5.8 (November 6, 2023)
+
+### Fixed
+
+- Fix subtraction overflow bug with latency ([#147]) 
+- Fix ephemeral port leak upon tcp stream shutdown ([#145]) 
+
+[#147]: https://github.com/tokio-rs/turmoil/pull/147
+[#145]: https://github.com/tokio-rs/turmoil/pull/145
+
 # 0.5.7 (October 20, 2023)
 
 ### Added
diff --git a/Cargo.toml b/Cargo.toml
index e599465..35d8216 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -5,7 +5,7 @@ name = "turmoil"
 #   - README.md
 # - Update CHANGELOG.md
 # - Create git tag
-version = "0.5.7"
+version = "0.5.8"
 edition = "2021"
 license = "MIT"
 authors = ["Tokio Contributors <team@tokio.rs>"]