diff --git a/Cargo.lock b/Cargo.lock
index aa68e40f3..3b8ac9898 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -422,7 +422,7 @@ dependencies = [
 
 [[package]]
 name = "cargo-miden"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "anyhow",
  "cargo-generate",
@@ -2783,7 +2783,7 @@ dependencies = [
 
 [[package]]
 name = "miden-integration-node-tests"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "anyhow",
  "fs2",
@@ -2801,7 +2801,7 @@ dependencies = [
 
 [[package]]
 name = "miden-integration-tests"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "anyhow",
  "blake3",
@@ -3081,7 +3081,7 @@ dependencies = [
 
 [[package]]
 name = "midenc"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "env_logger",
  "human-panic",
@@ -3090,7 +3090,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-benchmark-runner"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "anyhow",
  "clap",
@@ -3099,7 +3099,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-codegen-masm"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "env_logger",
  "inventory",
@@ -3129,7 +3129,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-compile"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "clap",
  "inventory",
@@ -3149,7 +3149,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-debug"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "clap",
  "crossterm",
@@ -3179,7 +3179,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-dialect-arith"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "midenc-hir",
  "paste",
@@ -3187,7 +3187,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-dialect-cf"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "log",
  "midenc-dialect-arith",
@@ -3196,7 +3196,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-dialect-hir"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "env_logger",
  "log",
@@ -3210,7 +3210,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-dialect-scf"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "bitvec",
  "env_logger",
@@ -3225,14 +3225,14 @@ dependencies = [
 
 [[package]]
 name = "midenc-dialect-ub"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "midenc-hir",
 ]
 
 [[package]]
 name = "midenc-driver"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "clap",
  "log",
@@ -3245,7 +3245,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-expect-test"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "once_cell",
  "similar",
@@ -3253,7 +3253,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-frontend-wasm"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "addr2line",
  "anyhow",
@@ -3277,7 +3277,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-hir"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "anyhow",
  "bitflags 2.9.1",
@@ -3305,7 +3305,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-hir-analysis"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "bitvec",
  "blink-alloc",
@@ -3320,7 +3320,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-hir-eval"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "log",
  "miden-thiserror",
@@ -3335,7 +3335,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-hir-macros"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "Inflector",
  "darling",
@@ -3346,7 +3346,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-hir-symbol"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "Inflector",
  "compact_str 0.9.0",
@@ -3362,7 +3362,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-hir-transform"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "log",
  "midenc-hir",
@@ -3394,7 +3394,7 @@ dependencies = [
 
 [[package]]
 name = "midenc-session"
-version = "0.5.0"
+version = "0.5.1"
 dependencies = [
  "anyhow",
  "clap",
diff --git a/Cargo.toml b/Cargo.toml
index 6c8d4f4af..664bf7491 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -29,7 +29,7 @@ exclude = [
 ]
 
 [workspace.package]
-version = "0.5.0"
+version = "0.5.1"
 rust-version = "1.90"
 authors = ["Miden contributors"]
 description = "An intermediate representation and compiler for Miden Assembly"
@@ -132,25 +132,25 @@ wasmparser = { version = "0.227", default-features = false, features = [
 ] }
 
 # Workspace crates
-midenc-codegen-masm = { version = "0.5.0", path = "codegen/masm" }
-midenc-dialect-arith = { version = "0.5.0", path = "dialects/arith" }
-midenc-dialect-hir = { version = "0.5.0", path = "dialects/hir" }
-midenc-dialect-scf = { version = "0.5.0", path = "dialects/scf" }
-midenc-dialect-cf = { version = "0.5.0", path = "dialects/cf" }
-midenc-dialect-ub = { version = "0.5.0", path = "dialects/ub" }
-midenc-hir = { version = "0.5.0", path = "hir" }
-midenc-hir-analysis = { version = "0.5.0", path = "hir-analysis" }
-midenc-hir-eval = { version = "0.5.0", path = "eval" }
-midenc-hir-macros = { version = "0.5.0", path = "hir-macros" }
-midenc-hir-symbol = { version = "0.5.0", path = "hir-symbol" }
-midenc-hir-transform = { version = "0.5.0", path = "hir-transform" }
+midenc-codegen-masm = { version = "0.5.1", path = "codegen/masm" }
+midenc-dialect-arith = { version = "0.5.1", path = "dialects/arith" }
+midenc-dialect-hir = { version = "0.5.1", path = "dialects/hir" }
+midenc-dialect-scf = { version = "0.5.1", path = "dialects/scf" }
+midenc-dialect-cf = { version = "0.5.1", path = "dialects/cf" }
+midenc-dialect-ub = { version = "0.5.1", path = "dialects/ub" }
+midenc-hir = { version = "0.5.1", path = "hir" }
+midenc-hir-analysis = { version = "0.5.1", path = "hir-analysis" }
+midenc-hir-eval = { version = "0.5.1", path = "eval" }
+midenc-hir-macros = { version = "0.5.1", path = "hir-macros" }
+midenc-hir-symbol = { version = "0.5.1", path = "hir-symbol" }
+midenc-hir-transform = { version = "0.5.1", path = "hir-transform" }
 midenc-hir-type = { version = "0.4.3", path = "hir-type" }
-midenc-frontend-wasm = { version = "0.5.0", path = "frontend/wasm" }
-midenc-compile = { version = "0.5.0", path = "midenc-compile" }
-midenc-driver = { version = "0.5.0", path = "midenc-driver" }
-midenc-debug = { version = "0.5.0", path = "midenc-debug" }
-midenc-session = { version = "0.5.0", path = "midenc-session" }
-cargo-miden = { version = "0.5.0", path = "tools/cargo-miden" }
+midenc-frontend-wasm = { version = "0.5.1", path = "frontend/wasm" }
+midenc-compile = { version = "0.5.1", path = "midenc-compile" }
+midenc-driver = { version = "0.5.1", path = "midenc-driver" }
+midenc-debug = { version = "0.5.1", path = "midenc-debug" }
+midenc-session = { version = "0.5.1", path = "midenc-session" }
+cargo-miden = { version = "0.5.1", path = "tools/cargo-miden" }
 miden-integration-tests = { path = "tests/integration" }
 midenc-expect-test = { path = "tools/expect-test" }
 
diff --git a/tools/cargo-miden/CHANGELOG.md b/tools/cargo-miden/CHANGELOG.md
index 8d10b00bc..ffeae6575 100644
--- a/tools/cargo-miden/CHANGELOG.md
+++ b/tools/cargo-miden/CHANGELOG.md
@@ -6,6 +6,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.5.1](https://github.com/0xMiden/compiler/compare/0.5.0...0.5.1) - 2025-11-13
+
+### Other
+
+- update default project template repo URL
+
 ## [0.5.0](https://github.com/0xMiden/compiler/compare/cargo-miden-v0.4.1...cargo-miden-v0.5.0) - 2025-11-05
 
 ### Added