diff --git a/.gitignore b/.gitignore
index b4724bb..258f8ec 100644
--- a/.gitignore
+++ b/.gitignore
@@ -6,3 +6,4 @@ gcc-4.5.1.tar.bz2
 /gcc-4.7.0-20120224.tar.bz2
 /gcc-4.7.0-20120322.tar.bz2
 /gcc-4.7.0.tar.bz2
+/gcc-4.7.1.tar.bz2
diff --git a/mingw-gcc.spec b/mingw-gcc.spec
index 07b403c..8ea4a6a 100644
--- a/mingw-gcc.spec
+++ b/mingw-gcc.spec
@@ -16,8 +16,8 @@
 %global enable_tests 0
 
 Name:           mingw-gcc
-Version:        4.7.0
-Release:        2%{?dist}
+Version:        4.7.1
+Release:        1%{?dist}
 Summary:        MinGW Windows cross-compiler (GCC) for C
 
 License:        GPLv3+ and GPLv3+ with exceptions and GPLv2+ with exceptions
@@ -615,6 +615,9 @@ rm -f $RPM_BUILD_ROOT%{_bindir}/%{mingw64_target}-%{mingw64_target}-*
 
 
 %changelog
+* Sun Jul 15 2012 Kalev Lember <kalevlember@gmail.com> - 4.7.1-1
+- Update to 4.7.1
+
 * Wed Apr 04 2012 Kalev Lember <kalevlember@gmail.com> - 4.7.0-2
 - Fix the build
 - Switch to the release tarball
diff --git a/sources b/sources
index 88f8413..9392aff 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-2a0f1d99fda235c29d40b561f81d9a77  gcc-4.7.0.tar.bz2
+933e6f15f51c031060af64a9e14149ff  gcc-4.7.1.tar.bz2