diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7188f5c6..2a5aac3f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,11 +1,11 @@
-## 3.0.4
+## 3.0.5
 
   - [#401](https://github.com/airblade/paper_trail/issues/401) / [#406](https://github.com/airblade/paper_trail/issues/406)
     `PaperTrail::Version` class is not loaded via a `Rails::Engine`, even when the gem is used with in Rails. This feature has
     will be re-introduced in version `3.1.0`.
 
 ## 3.0.3
-*This version was yanked from RubyGems and has been replaced by version `3.0.4`, which is identical but does not eager load
+*This version was yanked from RubyGems and has been replaced by version `3.0.5`, which is identical but does not eager load
 in the `PaperTrail::Version` class through a `Rails::Engine` when the gem is used on Rails since it was causing issues for some users.*
 
   - [#386](https://github.com/airblade/paper_trail/issues/386) - Fix eager loading of `versions` association with custom class name
diff --git a/README.md b/README.md
index f292e7b2..bed9079f 100644
--- a/README.md
+++ b/README.md
@@ -42,7 +42,7 @@ The Rails 2.3 code is on the [`rails2`](https://github.com/airblade/paper_trail/
 
 1. Add PaperTrail to your `Gemfile`.
 
-    `gem 'paper_trail', '~> 3.0.4'`
+    `gem 'paper_trail', '~> 3.0.5'`
 
 2. Generate a migration which will add a `versions` table to your database.
 
@@ -64,7 +64,7 @@ your applications `ActiveRecord` connection in a manner similar to the way `Rail
 
 1. Add PaperTrail to your `Gemfile`.
 
-    `gem 'paper_trail', '~> 3.0.4'`
+    `gem 'paper_trail', '~> 3.0.5'`
 
 2. Generate a migration to add a `versions` table to your database.
 
diff --git a/lib/paper_trail/version_number.rb b/lib/paper_trail/version_number.rb
index f562a662..c7414f6d 100644
--- a/lib/paper_trail/version_number.rb
+++ b/lib/paper_trail/version_number.rb
@@ -2,7 +2,7 @@ module PaperTrail
   module VERSION
     MAJOR = 3
     MINOR = 0
-    TINY  = 4
+    TINY  = 5
     PRE   = nil
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')