diff --git a/.gitignore b/.gitignore
index a2ab1f9c..da005bd9 100644
--- a/.gitignore
+++ b/.gitignore
@@ -15,3 +15,4 @@ pungi-2.1.2.tar.bz2
 /pungi-3.01.tar.bz2
 /pungi-3.02.tar.bz2
 /pungi-3.03.tar.bz2
+/pungi-3.04.tar.bz2
diff --git a/pungi.spec b/pungi.spec
index fc926e54..0ecb8701 100644
--- a/pungi.spec
+++ b/pungi.spec
@@ -1,7 +1,7 @@
 %{!?python_sitelib: %define python_sitelib %(%{__python} -c "from distutils.sysconfig import get_python_lib; print get_python_lib()")}
 
 Name:           pungi
-Version:        3.03
+Version:        3.04
 Release:        1%{?dist}
 Summary:        Distribution compose tool
 
@@ -55,6 +55,13 @@ rm -rf $RPM_BUILD_ROOT
 
 
 %changelog
+* Tue Apr 29 2014 Dennis Gilmore <dennis@ausil.us - 3.04-1
+- Use a lockfile around things that modify the cachedir. (rbean)
+- Improve logging for missing srpms. (rbean)
+- honour the --nosource option (dennis)
+- support ppc64le in pungi (hamzy)
+- Add configurable compression type to pungi (default to xz) (rbean)
+
 * Thu Oct 31 2013 Dennis Gilmore <dennis@ausil.us> - 3.03-1
 - revert to the old way of doing versioning as the change in 3.01 did not work
 
diff --git a/sources b/sources
index a12b2b70..eac191b5 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-627340073cd58155ae662f2c1bf5140e  pungi-3.03.tar.bz2
+eec287bd1c6cda0c862a6a990e10e93d  pungi-3.04.tar.bz2