diff --git a/NEWS b/NEWS
index 337d63b3..f7b36d55 100644
--- a/NEWS
+++ b/NEWS
@@ -3,6 +3,10 @@ libxcrypt NEWS -- history of user-visible changes.
 Please send bug reports, questions and suggestions to
 <https://github.com/besser82/libxcrypt/issues>.
 
+Version 4.5.0
+* Implement the sm3crypt ($sm3$) hashing algorithm.
+* Implement the sm3-yescrypt ($sm3y$) hashing algorithm.
+
 Version 4.4.37
 * Several fixes to the manpages (issue #185).
 * Add binary compatibility for x86_64 GNU/Hurd (issue #189).
diff --git a/configure.ac b/configure.ac
index 7e23a9bc..653e1cb3 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,7 +1,7 @@
 # Process this file with autoconf to produce a configure script.
 m4_include([build-aux/m4/zw_automodern.m4])
 AC_INIT([xcrypt],
-        [4.4.37],
+        [4.5.0],
         [https://github.com/besser82/libxcrypt/issues],
         [libxcrypt],
         [https://github.com/besser82/libxcrypt])