diff --git a/Cargo.lock b/Cargo.lock
index 10903d9b8..25b3914bd 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5802,7 +5802,7 @@ dependencies = [
 
 [[package]]
 name = "zcash_address"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "assert_matches",
  "bech32",
diff --git a/Cargo.toml b/Cargo.toml
index 61e8f1b7d..a3942b66d 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -32,7 +32,7 @@ categories = ["cryptography::cryptocurrencies"]
 [workspace.dependencies]
 # Intra-workspace dependencies
 equihash = { version = "0.2", path = "components/equihash" }
-zcash_address = { version = "0.4", path = "components/zcash_address" }
+zcash_address = { version = "0.5", path = "components/zcash_address" }
 zcash_client_backend = { version = "0.13", path = "zcash_client_backend" }
 zcash_encoding = { version = "0.2.1", path = "components/zcash_encoding" }
 zcash_keys = { version = "0.3", path = "zcash_keys" }
diff --git a/components/zcash_address/CHANGELOG.md b/components/zcash_address/CHANGELOG.md
index 6f864af66..8f9d8a810 100644
--- a/components/zcash_address/CHANGELOG.md
+++ b/components/zcash_address/CHANGELOG.md
@@ -7,6 +7,10 @@ and this library adheres to Rust's notion of
 
 ## [Unreleased]
 
+## [0.5.0] - 2024-08-26
+### Changed
+- Updated `zcash_protocol` dependency to version `0.3`
+
 ## [0.4.0] - 2024-08-19
 ### Added
 - `zcash_address::ZcashAddress::{can_receive_memo, can_receive_as, matches_receiver}`
diff --git a/components/zcash_address/Cargo.toml b/components/zcash_address/Cargo.toml
index 4e2b58b42..a2be0995c 100644
--- a/components/zcash_address/Cargo.toml
+++ b/components/zcash_address/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "zcash_address"
 description = "Zcash address parsing and serialization"
-version = "0.4.0"
+version = "0.5.0"
 authors = [
     "Jack Grigg <jack@electriccoin.co>",
 ]
diff --git a/supply-chain/audits.toml b/supply-chain/audits.toml
index b425783f5..c14ef21ae 100644
--- a/supply-chain/audits.toml
+++ b/supply-chain/audits.toml
@@ -783,6 +783,12 @@ user-id = 6289 # Jack Grigg (str4d)
 start = "2021-03-07"
 end = "2025-04-22"
 
+[[trusted.zcash_address]]
+criteria = "safe-to-deploy"
+user-id = 169181 # Kris Nuttycombe (nuttycom)
+start = "2024-08-20"
+end = "2025-08-26"
+
 [[trusted.zcash_client_backend]]
 criteria = "safe-to-deploy"
 user-id = 169181 # Kris Nuttycombe (nuttycom)
diff --git a/supply-chain/imports.lock b/supply-chain/imports.lock
index d29120700..fc733ef7f 100644
--- a/supply-chain/imports.lock
+++ b/supply-chain/imports.lock
@@ -224,11 +224,11 @@ user-login = "str4d"
 user-name = "Jack Grigg"
 
 [[publisher.zcash_address]]
-version = "0.3.2"
-when = "2024-03-06"
-user-id = 6289
-user-login = "str4d"
-user-name = "Jack Grigg"
+version = "0.5.0"
+when = "2024-08-26"
+user-id = 169181
+user-login = "nuttycom"
+user-name = "Kris Nuttycombe"
 
 [[publisher.zcash_client_backend]]
 version = "0.13.0"