diff --git a/documentation/release_notes.rst b/documentation/release_notes.rst
index 359152ae..90b2731c 100644
--- a/documentation/release_notes.rst
+++ b/documentation/release_notes.rst
@@ -31,6 +31,15 @@
 
 ----
 
+Release 3.0.5
+=============
+
+Release 3.0.5 is a minor stability release with performance and correctness bug fixes.
+
+**Bug Fixes**
+    - The previous release reduced transient memory use during PatchTable construction, but increased the amount of memory consumed by the resulting PatchTable itself, this regression has been fixed.
+    - The example Ptex texture sampling code has been fixed to prevent sampling beyond the texels for a face when multisample rasterization is enabled.
+
 Release 3.0.4
 =============
 
diff --git a/opensubdiv/version.h b/opensubdiv/version.h
index 9ad164b1..f81da567 100644
--- a/opensubdiv/version.h
+++ b/opensubdiv/version.h
@@ -25,7 +25,7 @@
 #ifndef OPENSUBDIV3_VERSION_H
 #define OPENSUBDIV3_VERSION_H
 
-#define OPENSUBDIV_VERSION v3_0_4
+#define OPENSUBDIV_VERSION v3_0_5
 
 namespace OpenSubdiv {
 namespace OPENSUBDIV_VERSION {