diff --git a/.cvsignore b/.cvsignore
index 90b7386..fd8f5ae 100644
--- a/.cvsignore
+++ b/.cvsignore
@@ -1 +1 @@
-libguestfs-1.0.38.tar.gz
+libguestfs-1.0.39.tar.gz
diff --git a/libguestfs.spec b/libguestfs.spec
index 0ef7d32..dca0963 100644
--- a/libguestfs.spec
+++ b/libguestfs.spec
@@ -3,7 +3,7 @@
 
 Summary:     Access and modify virtual machine disk images
 Name:        libguestfs
-Version:     1.0.38
+Version:     1.0.39
 Release:     1%{?dist}
 License:     LGPLv2+
 Group:       Development/Libraries
@@ -470,6 +470,12 @@ rm -rf $RPM_BUILD_ROOT
 
 
 %changelog
+* Thu Jun  4 2009 Richard W.M. Jones <rjones@redhat.com> - 1.0.39-1
+- New upstream version 1.0.39.
+- Fixes:
+  . libguestfs /dev is too sparse for kernel installation/upgrade (RHBZ#503169)
+  . OCaml bindings build failure (RHBZ#502309)
+
 * Tue Jun  2 2009 Richard W.M. Jones <rjones@redhat.com> - 1.0.38-1
 - New upstream version 1.0.38.
 
diff --git a/sources b/sources
index aee8210..3923854 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-9c2325d4b23ef8ea0f68e34982381355  libguestfs-1.0.38.tar.gz
+caadc14b44150b2138979f78f83ca52a  libguestfs-1.0.39.tar.gz