diff --git a/deploy/base/deployment.yaml b/deploy/base/deployment.yaml
index 8091646..49c4f1d 100644
--- a/deploy/base/deployment.yaml
+++ b/deploy/base/deployment.yaml
@@ -15,7 +15,7 @@ spec:
     spec:
       serviceAccountName: wasmcloud-operator
       containers:
-        - image: ghcr.io/wasmcloud/wasmcloud-operator:0.3.2
+        - image: ghcr.io/wasmcloud/wasmcloud-operator:0.5.0
           imagePullPolicy: Always
           name: wasmcloud-operator
           ports: