diff --git a/libs/libpng/Makefile b/libs/libpng/Makefile
index 44db676e6..fb7dc80e9 100644
--- a/libs/libpng/Makefile
+++ b/libs/libpng/Makefile
@@ -1,5 +1,5 @@
 #
-# Copyright (C) 2006 OpenWrt.org
+# Copyright (C) 2006-2011 OpenWrt.org
 #
 # This is free software, licensed under the GNU General Public License v2.
 # See /LICENSE for more information.
@@ -8,12 +8,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=libpng
-PKG_VERSION:=1.2.44
+PKG_VERSION:=1.2.46
 PKG_RELEASE:=1
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.bz2
 PKG_SOURCE_URL:=@SF/libpng
-PKG_MD5SUM:=e3ac7879d62ad166a6f0c7441390d12b
+PKG_MD5SUM:=e8b43dc78ef95b3949af7f961d76874b
 
 PKG_FIXUP:=libtool
 PKG_INSTALL:=1