diff --git a/.gitignore b/.gitignore
index 5f3d14f..673a30a 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1,2 @@
 /libwebp-0.1.3.tar.gz
+/libwebp-0.2.1.tar.gz
diff --git a/libwebp.spec b/libwebp.spec
index 5449c29..4a961ea 100644
--- a/libwebp.spec
+++ b/libwebp.spec
@@ -1,6 +1,6 @@
 Name:		libwebp
-Version:	0.1.3
-Release:	3%{?dist}
+Version:	0.2.1
+Release:	1%{?dist}
 Group:		Development/Libraries
 URL:		http://webmproject.org/
 Summary:	Library and tools for the WebP graphics format
@@ -112,6 +112,9 @@ cp swig/*.jar swig/*.so %{buildroot}/%{_libdir}/%{name}-java/
 %{_libdir}/%{name}-java/
 
 %changelog
+* Thu Dec 27 2012 Rahul Sundaram <sundaram@fedoraproject.org> - 0.2.1-1
+- new upstream release 0.2.1
+
 * Fri Dec 21 2012 Adam Tkac <atkac redhat com> - 0.1.3-3
 - rebuild against new libjpeg
 
diff --git a/sources b/sources
index 6afae86..8936203 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-254d4670e14e9ed881f0536b006ab336  libwebp-0.1.3.tar.gz
+dc9b26f16bd5221414dbab95f13d4453  libwebp-0.2.1.tar.gz