diff --git a/cmd/version.go b/cmd/version.go
index fb78987c..a6ad8a40 100644
--- a/cmd/version.go
+++ b/cmd/version.go
@@ -11,7 +11,7 @@ var (
 	GitDescribe string
 
 	// Version is main version number that is being run at the moment.
-	Version = "4.24.2"
+	Version = "4.24.5"
 
 	// VersionPrerelease is a pre-release marker for the version. If this is "" (empty string)
 	// then it means that it is a final release. Otherwise, this is a pre-release
diff --git a/release_notes.txt b/release_notes.txt
index 1458d737..294e1212 100644
--- a/release_notes.txt
+++ b/release_notes.txt
@@ -1,3 +1,9 @@
+4.24.5:
+  - Fixed scenarios that dropped the first line if it's a comment (#1181)
+  - Fixed updating existing empty map resulting in single line styling (#1176)
+  - Fixed `with` operation bug (#1174)
+  - Bumped go compiler
+
 4.24.4:
   - Fixed docker release build
 
diff --git a/snap/snapcraft.yaml b/snap/snapcraft.yaml
index 36fd4af0..bf52588b 100644
--- a/snap/snapcraft.yaml
+++ b/snap/snapcraft.yaml
@@ -1,5 +1,5 @@
 name: yq
-version: '4.24.2'
+version: '4.24.5'
 summary: A lightweight and portable command-line YAML processor
 description: |
   The aim of the project is to be the jq or sed of yaml files.