diff --git a/Cargo.lock b/Cargo.lock
index 4f90276..0fe6dac 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -153,7 +153,7 @@ dependencies = [
 
 [[package]]
 name = "it-memory-traits"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "thiserror",
 ]
diff --git a/crates/it-lilo/Cargo.toml b/crates/it-lilo/Cargo.toml
index aaf185b..7b9625c 100644
--- a/crates/it-lilo/Cargo.toml
+++ b/crates/it-lilo/Cargo.toml
@@ -12,7 +12,7 @@ path = "src/lib.rs"
 
 [dependencies]
 fluence-it-types = { path = "../it-types", version = "0.4.1" }
-it-memory-traits = { path = "../it-memory-traits", version = "0.4.0" }
+it-memory-traits = { path = "../it-memory-traits", version = "0.5.0" }
 
 anyhow = "1.0.75"
 paste = "1.0.11"
diff --git a/crates/it-memory-traits/Cargo.toml b/crates/it-memory-traits/Cargo.toml
index fce0d93..cdc7c9d 100644
--- a/crates/it-memory-traits/Cargo.toml
+++ b/crates/it-memory-traits/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "it-memory-traits"
-version = "0.4.0"
+version = "0.5.0"
 authors = ["Fluence Labs"]
 description = "Defines traits that IT uses for accessing memory"
 edition = "2018"
diff --git a/wasmer-it/Cargo.toml b/wasmer-it/Cargo.toml
index b29b008..cae3b26 100644
--- a/wasmer-it/Cargo.toml
+++ b/wasmer-it/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 fluence-it-types = { path = "../crates/it-types", version = "0.4.1", features = ["impls"] }
 it-to-bytes = { path = "../crates/to-bytes", version = "0.1.0" }
 it-lilo = { path = "../crates/it-lilo", version = "0.7.0" }
-it-memory-traits = { path = "../crates/it-memory-traits", version = "0.4.0" }
+it-memory-traits = { path = "../crates/it-memory-traits", version = "0.5.0" }
 
 anyhow = "1.0.75"
 nom = "7.1"