Director David Michod's new film, which will cover the early period of Henry's life and his crowning as king, will premiere at Italy's Venice Film Festival, which runs from August 28 to September 7.
Joel Edgerton, who has also co-written the script with Michod, will play Henry's mentor, the alcoholic knight John Falstaff, while Sean Harris, Ben Mendelsohn, Robert Pattinson, and Lily-Rose Depp will also star.
In a statement announcing his new movie, the Australian director said: "Before Joel Edgerton and I embarked on a retelling of the story of Henry V, I never thought I'd find myself one day making a medieval movie. Swords and horses were never my thing."
"But the more we talked and the deeper I researched, the more excited I was by the idea of rendering the Middle Ages - its dirt, its brutality, its precariousness of life and death, its sheer other-worldliness - in a way that felt raw and human."
The film depicts a period of English history that has been used as dramatic inspiration since the days of William Shakespeare, who covered Henry's early life in his two plays Henry IV parts one and two, before penning a trilogy of plays with Henry V as the central character.
A synopsis of the movie states that Henry is a "wayward prince" who "is crowned King Henry V and is forced to embrace the life he had previously tried to escape" after the death of his "tyrannical father".
Explaining how he wanted to make a grittier drama about King Henry, Michod added: "I wanted the kind of medieval movie I might make - one devoid of the nationalist bombast normally associated with the story of Henry V and one that might illuminate the ways in which war can emerge from the swamp of power and paranoia, greed and hubris, fear and family."