diff --git a/CHANGELOG.md b/CHANGELOG.md
index e73a9b3..6edeeec 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## 1.5.0
+
+### Changed
+
+- The minimum supported Elixir version is now 1.7
+- Elixometer no longer depends on Lager
+
 ## 1.4.1
 
 ### Added
diff --git a/mix.exs b/mix.exs
index 4d5f3db..1897d27 100644
--- a/mix.exs
+++ b/mix.exs
@@ -11,7 +11,7 @@ defmodule Elixometer.Mixfile do
   def project do
     [
       app: :elixometer,
-      version: "1.4.1",
+      version: "1.5.0",
       elixir: ">= 1.7.0",
       description: @description,
       source_url: @project_url,