diff --git a/CHANGELOG.md b/CHANGELOG.md
index f5035d638..9290109f8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,12 +3,12 @@ This file is a running track of new features and fixes to each version of the pa
 
 This project follows [Semantic Versioning](http://semver.org) guidelines.
 
-## v0.5.0 (Bodacious Boreopterus) [Unreleased]
+## v0.5.0-pre.1 (Bodacious Boreopterus) [Unreleased]
 
 ### Added
 * Support for creating server without having to assign a node and allocation manually. Simply select the checkbox or pass `auto_deploy=true` to the API to auto-select a node and allocation given a location.
 * Support for setting IP Aliases through the panel on the node overview page. Also cleaned up allocation removal.
-* Support for renaming files through the panel's file mananger.
+* Support for renaming files through the panel's file manager.
 
 ### Changed
 * Prevent clicking server start button until server is completely off, not just stopping.
diff --git a/config/app.php b/config/app.php
index b28fb0a69..e472838e8 100644
--- a/config/app.php
+++ b/config/app.php
@@ -4,7 +4,7 @@ return [
 
     'env' => env('APP_ENV', 'production'),
 
-    'version' => env('APP_VERSION', 'v0.5.0-beta'),
+    'version' => env('APP_VERSION', 'v0.5.0-pre.1'),
 
     /*
     |--------------------------------------------------------------------------