diff --git a/CHANGELOG.md b/CHANGELOG.md
index cb06c1a..2dba270 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,19 @@
 
 All notable changes to the "parallels-desktop" extension will be documented in this file.
 
+## [1.5.0] - 2025-01-14
+
+- Added new icon designs
+- Added the ability to control cached items from the extension
+- Added the ability to check the reverse proxy configuration
+- Added the ability to check more information about the remote hosts
+- Added the ability to get the logs for the remote hosts
+- Further stability and bug fixes
+- Added the ability to see and control the cache items in either the hosts or the orchestrator
+- Added the ability to remove cache items from the system
+- minor fixes to the tree when removing/adding items
+- Minor fixes to the diff and saving of profiles
+
 ## [1.4.3] - 2024-11-06
 
 - Fixed an issue where if a remote host was down the auto-refresh would not work as intended
diff --git a/package-lock.json b/package-lock.json
index ad40174..5857001 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
     "name": "parallels-desktop",
-    "version": "1.4.3",
+    "version": "1.5.0",
     "lockfileVersion": 3,
     "requires": true,
     "packages": {
         "": {
             "name": "parallels-desktop",
-            "version": "1.4.3",
+            "version": "1.5.0",
             "dependencies": {
                 "@amplitude/analytics-node": "^1.3.6",
                 "axios": "^1.4.0",
diff --git a/package.json b/package.json
index 02de6cc..d48a8e8 100644
--- a/package.json
+++ b/package.json
@@ -8,7 +8,7 @@
         "url": "https://github.com/Parallels/parallels-vscode-extension"
     },
     "icon": "img/logo/parallels_logo.png",
-    "version": "1.4.3",
+    "version": "1.5.0",
     "engines": {
         "vscode": "^1.90.0"
     },
@@ -2013,4 +2013,4 @@
         "tailwindcss": "^3.3.2",
         "uuid": "^9.0.0"
     }
-}
\ No newline at end of file
+}
diff --git a/src/constants/flags.ts b/src/constants/flags.ts
index 5545f29..60a3119 100644
--- a/src/constants/flags.ts
+++ b/src/constants/flags.ts
@@ -1,4 +1,4 @@
-export const VERSION = "1.4.3";
+export const VERSION = "1.5.0";
 export const FLAG_NO_GROUP = "no_group";
 export const FLAG_OS = "parallels-desktop:os";
 export const FLAG_CONFIGURATION = "parallels.configuration";