diff --git a/CHANGELOG.md b/CHANGELOG.md
index ba6bd7ba..bb6e2cc5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Optimizely Android X SDK Changelog
 
+## 5.0.1
+May 30th, 2025
+
+### Functionality Enhancements
+* Add experimentId and variationId to decision notification ([#509](https://github.com/optimizely/android-sdk/pull/509)).
+
 ## 5.0.0
 November 25th, 2024
 
diff --git a/README.md b/README.md
index e60356ff..b5b7daf2 100644
--- a/README.md
+++ b/README.md
@@ -32,7 +32,7 @@ repositories {
 }
 
 dependencies {
-	implementation 'com.optimizely.ab:android-sdk:5.0.0'
+	implementation 'com.optimizely.ab:android-sdk:5.0.1'
 }
 ```