diff --git a/qt-everywhere-opensource-src-4.7.1-QTBUG-14467.patch b/qt-everywhere-opensource-src-4.7.1-QTBUG-14467.patch
new file mode 100644
index 0000000..1283f50
--- /dev/null
+++ b/qt-everywhere-opensource-src-4.7.1-QTBUG-14467.patch
@@ -0,0 +1,27 @@
+ 
+Fails to create debug build of Qt projects on mingw
+http://bugzilla.redhat.com/653674
+http://bugreports.qt.nokia.com/browse/QTBUG-14467
+
+--- qt-everywhere-opensource-src-4.7.1/mkspecs/features/qt_functions.prf.orig	2010-11-16 03:12:17.000000000 +0500
++++ qt-everywhere-opensource-src-4.7.1/mkspecs/features/qt_functions.prf	2010-11-16 03:12:50.000000000 +0500
+@@ -62,7 +62,7 @@ defineTest(qtAddLibrary) {
+     }
+     isEmpty(LINKAGE) {
+        if(!debug_and_release|build_pass):CONFIG(debug, debug|release) {
+-           win32:LINKAGE = -l$${LIB_NAME}$${QT_LIBINFIX}d
++           win32:LINKAGE = -l$${LIB_NAME}d$${QT_LIBINFIX}
+            mac:LINKAGE = -l$${LIB_NAME}$${QT_LIBINFIX}_debug
+        }
+        isEmpty(LINKAGE):LINKAGE = -l$${LIB_NAME}$${QT_LIBINFIX}
+--- qt-everywhere-opensource-src-4.7.1/mkspecs/features/win32/windows.prf.orig	2010-11-16 03:11:34.000000000 +0500
++++ qt-everywhere-opensource-src-4.7.1/mkspecs/features/win32/windows.prf	2010-11-16 03:11:51.000000000 +0500
+@@ -6,7 +6,7 @@ contains(TEMPLATE, ".*app"){
+ 
+     qt:for(entryLib, $$list($$unique(QMAKE_LIBS_QT_ENTRY))) {
+         isEqual(entryLib, -lqtmain): {
+-            CONFIG(debug, debug|release): QMAKE_LIBS += $${entryLib}$${QT_LIBINFIX}d
++            CONFIG(debug, debug|release): QMAKE_LIBS += $${entryLib}d$${QT_LIBINFIX}
+             else: QMAKE_LIBS += $${entryLib}$${QT_LIBINFIX}
+         } else {
+             QMAKE_LIBS += $${entryLib}
diff --git a/qt.spec b/qt.spec
index 226af0b..540430a 100644
--- a/qt.spec
+++ b/qt.spec
@@ -18,7 +18,7 @@ Summary: Qt toolkit
 Name:    qt
 Epoch:   1
 Version: 4.7.1
-Release: 2%{?dist}
+Release: 3%{?dist}
 
 # See LGPL_EXCEPTIONS.txt, LICENSE.GPL3, respectively, for exception details
 License: (LGPLv2 with exceptions or GPLv3 with exceptions) and ASL 2.0 and BSD and FTL and MIT
@@ -82,6 +82,9 @@ Patch62: qt-4.6.3-indic-rendering-bz636399.patch
 # fix 24bit color issue
 Patch63: qt-everywhere-opensource-src-4.7.0-bpp24.patch
 
+# Fails to create debug build of Qt projects on mingw (rhbz#653674)
+Patch64: qt-everywhere-opensource-src-4.7.1-QTBUG-14467.patch
+
 # upstream patches
 # Reordering of Malayalam Rakar not working properly
 Patch100: qt-everywhere-opensource-src-4.7.1-ml_IN-bz528303
@@ -438,6 +441,7 @@ Qt libraries used for drawing widgets and OpenGL items.
 %patch61 -p1 -b .indic-rendering-bz631732
 %patch62 -p1 -b .indic-rendering-bz636399
 %patch63 -p1 -b .bpp24
+%patch64 -p1 -b .QTBUG-14467
 
 # upstream patches
 %patch100 -p1 -b .ml_IN-redering
@@ -1105,6 +1109,9 @@ fi
 
 
 %changelog
+* Tue Nov 23 2010 Rex Dieter <rdieter@fedoraproject.org> - 4.7.1-3
+- Fails to create debug build of Qt projects on mingw (#653674, QTBUG-14467)
+
 * Mon Nov 22 2010 Than Ngo <than@redhat.com> - 4.7.1-2
 - bz#528303, Reordering of Malayalam Rakar not working properly