diff --git a/.gitignore b/.gitignore
index 0a4a22c..c807b4b 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1,2 @@
 libpng-1.4.3.tar.bz2
+/libpng-1.4.8.tar.xz
diff --git a/libpng-CVE-2011-2501.patch b/libpng-CVE-2011-2501.patch
deleted file mode 100644
index 487d8fd..0000000
--- a/libpng-CVE-2011-2501.patch
+++ /dev/null
@@ -1,49 +0,0 @@
-Patch from:
-
-  http://libpng.git.sourceforge.net/git/gitweb.cgi?p=libpng/libpng;a=commitdiff;h=65e6d5a34f49acdb362a0625a706c6b914e670af
-
-to fix:
-
-  https://bugzilla.redhat.com/show_bug.cgi?id=717510
-  https://bugzilla.redhat.com/show_bug.cgi?id=717511
-  CVE-2011-2501
-
-I have modified this patch to remove the changes to ANNOUNCE
-and CHANGES files, and the hunk in pngerror.c which just updates
-a comment.
-
-  - RWMJ.
-
-From 65e6d5a34f49acdb362a0625a706c6b914e670af Mon Sep 17 00:00:00 2001
-From: Glenn Randers-Pehrson <glennrp at users.sourceforge.net>
-Date: Tue, 7 Jun 2011 14:58:07 -0500
-Subject: [PATCH] [master] Fixed 1-byte uninitialized memory reference in png_format_buffer()
-
-(Bug report by Frank Busse, related to CVE-2004-0421).
----
- ANNOUNCE   |    6 ++++--
- CHANGES    |    4 +++-
- pngerror.c |   11 ++++++++---
- 3 files changed, 15 insertions(+), 6 deletions(-)
-
---- a/pngerror.c
-+++ b/pngerror.c
-@@ -186,8 +186,13 @@ png_format_buffer(png_structp png_ptr, png_charp buffer, png_const_charp
-    {
-       buffer[iout++] = ':';
-       buffer[iout++] = ' ';
--      png_memcpy(buffer + iout, error_message, PNG_MAX_ERROR_TEXT);
--      buffer[iout + PNG_MAX_ERROR_TEXT - 1] = '\0';
-+
-+      iin = 0;
-+      while (iin < PNG_MAX_ERROR_TEXT-1 && error_message[iin] != '\0')
-+         buffer[iout++] = error_message[iin++];
-+
-+      /* iin < PNG_MAX_ERROR_TEXT, so the following is safe: */
-+      buffer[iout] = '\0';
-    }
- }
- 
--- 
-1.7.0.1
-
diff --git a/mingw32-libpng.spec b/mingw32-libpng.spec
index 5d944e6..4b8b12e 100644
--- a/mingw32-libpng.spec
+++ b/mingw32-libpng.spec
@@ -5,23 +5,15 @@
 %global __find_provides %{_mingw32_findprovides}
 
 Name:           mingw32-libpng
-Version:        1.4.3
-Release:        3%{?dist}
+Version:        1.4.8
+Release:        1%{?dist}
 Summary:        MinGW Windows Libpng library
 
 License:        zlib
 URL:            http://www.libpng.org/pub/png/
-Source0:        ftp://ftp.simplesystems.org/pub/png/src/libpng-%{version}.tar.bz2
+Source0:        ftp://ftp.simplesystems.org/pub/png/src/libpng-%{version}.tar.xz
 Patch2:         mingw32-libpng-fix-invalid-exports.patch
 
-# https://bugzilla.redhat.com/show_bug.cgi?id=717510
-# https://bugzilla.redhat.com/show_bug.cgi?id=717511
-# CVE-2011-2501
-#
-# *** NOTE *** When updating the package, please ensure the
-# new version either contains this fix, or this patch is retained.
-Patch3:         libpng-CVE-2011-2501.patch
-
 Group:          Development/Libraries
 BuildRoot:      %{_tmppath}/%{name}-%{version}-%{release}-root-%(%{__id_u} -n)
 
@@ -49,8 +41,6 @@ MinGW Windows Libpng library.
 # issue more to find out the real cause, but this will do for now
 %patch2 -p0
 
-%patch3 -p1
-
 
 %build
 %{_mingw32_configure}
@@ -82,6 +72,7 @@ rm -rf $RPM_BUILD_ROOT
 %{_mingw32_includedir}/libpng14
 %{_mingw32_includedir}/png.h
 %{_mingw32_includedir}/pngconf.h
+%{_mingw32_libdir}/libpng.dll.a
 %{_mingw32_libdir}/libpng.la
 %{_mingw32_libdir}/libpng14.a
 %{_mingw32_libdir}/libpng14.dll.a
@@ -91,6 +82,9 @@ rm -rf $RPM_BUILD_ROOT
 
 
 %changelog
+* Fri Jul 22 2011 Kalev Lember <kalevlember@gmail.com> - 1.4.8-1
+- Update to 1.4.8 (CVE-2011-2690, CVE-2011-2692)
+
 * Wed Jun 29 2011 Richard W.M. Jones <rjones@redhat.com> - 1.4.3-3
 - Include fix for CVE-2011-2501 (RHBZ#717510, RHBZ#717511).
 
diff --git a/sources b/sources
index 386932d..046b6f5 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-9347eeda4241401f7da4dc9ba7f6a416  libpng-1.4.3.tar.bz2
+2ce595d571f2b06a9403ed5bcfa4ecbd  libpng-1.4.8.tar.xz