diff --git a/.gitignore b/.gitignore
index 9cfba9c..c1c769e 100644
--- a/.gitignore
+++ b/.gitignore
@@ -47,3 +47,4 @@
 /gcr-3.36.0.tar.xz
 /gcr-3.37.91.tar.xz
 /gcr-3.38.0.tar.xz
+/gcr-3.38.1.tar.xz
diff --git a/gcr.spec b/gcr.spec
index fc9bd08..8afd04e 100644
--- a/gcr.spec
+++ b/gcr.spec
@@ -3,8 +3,8 @@
 %endif
 
 Name:           gcr
-Version:        3.38.0
-Release:        2%{?dist}
+Version:        3.38.1
+Release:        1%{?dist}
 Summary:        A library for bits of crypto UI and parsing
 
 License:        LGPLv2+
@@ -109,6 +109,9 @@ desktop-file-validate $RPM_BUILD_ROOT%{_datadir}/applications/gcr-viewer.desktop
 %{_libdir}/libgcr-base-3.so.*
 
 %changelog
+* Sat Jan 16 2021 Kalev Lember <klember@redhat.com> - 3.38.1-1
+- Update to 3.38.1
+
 * Mon Sep 28 2020 Kalev Lember <klember@redhat.com> - 3.38.0-2
 - Avoid BuildRequiring vala twice
 
diff --git a/sources b/sources
index 44f546b..f584f43 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (gcr-3.38.0.tar.xz) = 24c35ac514a67a1dee6a5738e829b55921a490b060ffa597421cea0abac3ddc62695370d2c7b3504c0adfd55b1ade878ad3ca5e6cb869428b4a19f4a11563bc6
+SHA512 (gcr-3.38.1.tar.xz) = 4dc8c3f84023a7cd6f069f4529cb063d7153e589c2f9547410c7eeb5298dc238ea7fc4f22e22d8c237391f31bfcd814190e55125195f20b913665b9ca81d9c21