diff --git a/NEWS.md b/NEWS.md
index 65c0158c5..4b65b92bd 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,7 +1,29 @@
-# Coluna 0.4.2 Release notes
+# Coluna 0.5.0 Release notes
 
-- new implementation of the solution pool that leads to significant improvements for columns insertion in column generation
+This release is a major update of the algorithms.
+From now on, we will release new versions more frequently.
 
-- specific error for "unexpected variable state" error to allow developers to debug
-their code (see `ColumnAlreadyInsertedColGenError` struct).
+In the `Algorithm` submodule:
 
+- Interface & generic implementation for the tree search algorithm; default implementation of a branch & bound; documentation
+- Simplified interface for storages; documentation
+- Interface & generic implementation for the branching algorithm; interface & default implementation for the strong branching; documentation
+- Preparation of the conquer algorithm refactoring 
+- Preparation of the column generation algorithm refactoring 
+- Preparation of the refactoring of the algorithms calling the subsolver
+- End of development of the Preprocessing algorithm (no unit tests and had bugs); it will be replaced by the Presolve algorithm that does not work
+- Increase of the reduced cost tolerance in the column generation algorithm
+- Separation of algorithm and printing logic
+- Various bug fixes
+
+
+In the `MathProg` submodule:
+
+- `VarIds` & `ConstrIds` are subtype of Integer so we can use them as indices of sparse vectors and arrays
+- Solution are stored in sparse array from `SparseArrays` (not a packed memory array from `DynamicSparseArray` anymore because the solution is static)
+
+
+Other:
+
+- Documentation of dynamic sparse arrays
+- Support of expressions in BlockDecomposition
\ No newline at end of file
diff --git a/Project.toml b/Project.toml
index 9c0ed4519..6e813b7c0 100644
--- a/Project.toml
+++ b/Project.toml
@@ -1,7 +1,7 @@
 name = "Coluna"
 uuid = "88b4ec78-b192-11e8-04aa-4d367dd96a64"
 authors = ["François Vanderbeck", "Guillaume Marques", "Vitor Nesello", "Ruslan Sadykov"]
-version = "0.4.2"
+version = "0.5.0"
 
 [deps]
 BlockDecomposition = "6cde8614-403a-11e9-12f1-c10d0f0caca0"
diff --git a/README.md b/README.md
index 77f66008d..020d77744 100644
--- a/README.md
+++ b/README.md
@@ -38,7 +38,8 @@ branch-and-cut-and-price algorithms. We look for beta users as Coluna is under
 active development.
 
 - ![Stable](https://img.shields.io/badge/-stable-brightgreen) No stable feature at the moment
-- ![Beta](https://img.shields.io/badge/-beta-green) Features that work but you may have some bugs:
+- ![Beta](https://img.shields.io/badge/-beta-green) Features that work but still in development:
+  - Branch-and-price-and-cut algorithm
   - Cuts generation
   - Column generation algorithm
   - Dantzig-Wolfe decomposition
@@ -46,9 +47,10 @@ active development.
   - Robust cut callback
   - Stabilization
   - Strong-branching
-- ![Alpha](https://img.shields.io/badge/-alpha-yellow) Features that should work. Structural work is done but it may be not performant:
+- ![Alpha](https://img.shields.io/badge/-alpha-yellow) Features that should work. Structural work is done but these features may have bugs and be not performant:
   - Benders decomposition
-  - Branch-and-price-and-cut algorithm
+  - Benders algorithm
+  - Non-robust cuts
   - Clean up of large scale formulations
 - ![Dev](https://img.shields.io/badge/-dev-orange) Features in development, foundations have been laid:
   - Nested/Recursive decomposition