diff --git a/charts/postgres/Chart.yaml b/charts/postgres/Chart.yaml
index 526647e4897bb879099470cb6b1010a00a8c39ea..5abacad4f4b032c8a88de00470bb5fea15be850e 100644
--- a/charts/postgres/Chart.yaml
+++ b/charts/postgres/Chart.yaml
@@ -7,6 +7,6 @@ type: application
 maintainers:
   - name: groundhog2k
 
-version: "0.4.7"
+version: "0.5.1"
 
-appVersion: "15.5"
+appVersion: "16.1"
diff --git a/charts/postgres/README.md b/charts/postgres/README.md
index 62224fd8fcdd4a640cb9abdd075808404139c067..8a66457bd13181af29368b9556ae8b9f7af6c2a4 100644
--- a/charts/postgres/README.md
+++ b/charts/postgres/README.md
@@ -1,6 +1,6 @@
 # PostgreSQL
 
-![Version: 0.5.0](https://img.shields.io/badge/Version-0.5.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 16.0](https://img.shields.io/badge/AppVersion-16.0-informational?style=flat-square)
+![Version: 0.5.1](https://img.shields.io/badge/Version-0.5.1-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 16.1](https://img.shields.io/badge/AppVersion-16.1-informational?style=flat-square)
 
 ## Changelog
 
diff --git a/charts/postgres/RELEASENOTES.md b/charts/postgres/RELEASENOTES.md
index 4dcb5004eedf906331044550a6fa11127ed94745..57825b67085f258e0726e46c234a3c089d3c098f 100644
--- a/charts/postgres/RELEASENOTES.md
+++ b/charts/postgres/RELEASENOTES.md
@@ -38,4 +38,5 @@
 | 0.4.6 | 15.4 | Upgraded to Postgres 15.4 |
 | 0.4.7 | 15.5 | Upgraded to Postgres 15.5 |
 | 0.5.0 | 16.0 | Upgraded to Postgres 16.0 |
+| 0.5.1 | 16.1 | Upgraded to Postgres 16.1 |
 | | | |