diff --git a/CHANGES.rst b/CHANGES.rst
index fd67e02..381dfde 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -3,6 +3,17 @@ Changes
 =======
 
 
+5.0.7 (2019-06-14)
+------------------
+
+- Fix lockout message showing when lockout is disabled
+  with the ``AXES_LOCK_OUT_AT_FAILURE`` setting.
+  [mogzol]
+
+- Add support for callable ``AXES_FAILURE_LIMIT`` setting.
+  [bbayles]
+
+
 5.0.6 (2019-05-25)
 ------------------
 
diff --git a/axes/__init__.py b/axes/__init__.py
index d7dbd62..39c88f5 100644
--- a/axes/__init__.py
+++ b/axes/__init__.py
@@ -1,4 +1,4 @@
-__version__ = '5.0.6'
+__version__ = '5.0.7'
 
 default_app_config = 'axes.apps.AppConfig'