diff --git a/.gitignore b/.gitignore
index 3f9de0b..bb923f1 100644
--- a/.gitignore
+++ b/.gitignore
@@ -9,3 +9,4 @@ clog
 /OpenImageIO-oiio-Release-1.0.4-0-g513d0dd.tar.gz
 /OpenImageIO-oiio-Release-1.0.5-0-g28ba675.tar.gz
 /OpenImageIO-oiio-Release-1.0.6-0-g47d4346.tar.gz
+/OpenImageIO-oiio-Release-1.0.7-0-g0cae52b.tar.gz
diff --git a/OpenImageIO.spec b/OpenImageIO.spec
index 9b6e1b2..2801da8 100644
--- a/OpenImageIO.spec
+++ b/OpenImageIO.spec
@@ -1,9 +1,9 @@
-%global githash1 g47d4346
-%global githash2 f0a566a
+%global githash1 g0cae52b
+%global githash2 e9fa4c7
 %global githash3 9bf4356
 
 Name:           OpenImageIO
-Version:        1.0.6
+Version:        1.0.7
 Release:        1%{?dist}
 Summary:        Library for reading and writing images
 
@@ -140,6 +140,9 @@ cp -a doc/*.1 %{buildroot}%{_mandir}/man1
 
 
 %changelog
+* Mon Jul 09 2012 Richard Shaw <hobbes1069@gmail.com> - 1.0.7-1
+- Update to latest upstream release.
+
 * Thu Jun 28 2012 Richard Shaw <hobbes1069@gmail.com> - 1.0.6-1
 - Update to latest upstream release.
 - Fix linking against TBB which broke at some point.
diff --git a/sources b/sources
index 40754f2..d17ee18 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-fa6e3f4be98d8e1868b389410b56563a  OpenImageIO-oiio-Release-1.0.6-0-g47d4346.tar.gz
+e939f97db2b0cac813c9e166f2353fe6  OpenImageIO-oiio-Release-1.0.7-0-g0cae52b.tar.gz