diff --git a/charts/gitea/Chart.yaml b/charts/gitea/Chart.yaml
index 6d9f931dbd668e666862c64d621a68aca22b2132..47a65778a990399e4b03d4cc13d86d79bf58db43 100644
--- a/charts/gitea/Chart.yaml
+++ b/charts/gitea/Chart.yaml
@@ -8,10 +8,10 @@ maintainers:
   - name: groundhog2k
 
 # This is the chart version
-version: 0.4.17
+version: 0.5.0
 
 # This is the version number of the application being deployed.
-appVersion: "1.15.11"
+appVersion: "1.16.0"
 
 dependencies:
   - name: mariadb
diff --git a/charts/gitea/README.md b/charts/gitea/README.md
index 317a29c6c9836e834b66d5e1710bfde6d6eddd9c..ca9ea0ef591df14f335782096eeb297600bd228d 100644
--- a/charts/gitea/README.md
+++ b/charts/gitea/README.md
@@ -1,6 +1,6 @@
 # Gitea
 
-![Version: 0.4.17](https://img.shields.io/badge/Version-0.4.17-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 1.15.11](https://img.shields.io/badge/AppVersion-1.15.11-informational?style=flat-square)
+![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: 1.16.0](https://img.shields.io/badge/AppVersion-1.16.0-informational?style=flat-square)
 
 ## Changelog
 
diff --git a/charts/gitea/RELEASENOTES.md b/charts/gitea/RELEASENOTES.md
index 06681310cd03f8e2635d1e0375fd36cb36b0f60d..d4cb49a21db1e28d43a61b7b921e920a3fae05e5 100644
--- a/charts/gitea/RELEASENOTES.md
+++ b/charts/gitea/RELEASENOTES.md
@@ -4,4 +4,5 @@
 | 0.4.15 | 1.15.10 | Fixed ingress API detection<br>Implemented startupProbe support |
 | 0.4.16 | 1.15.10 | Updated chart dependencies |
 | 0.4.17 | 1.15.11 | Updated to Gitea 1.15.11 |
+| 0.5.0 | 1.16.0 | Updated to Gitea 1.15.0 |
 | | | |