diff --git a/tools/mtools/Makefile b/tools/mtools/Makefile
index 90a4119af4..db364c9c93 100644
--- a/tools/mtools/Makefile
+++ b/tools/mtools/Makefile
@@ -7,11 +7,11 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=mtools
-PKG_VERSION:=4.0.38
+PKG_VERSION:=4.0.39
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.bz2
 PKG_SOURCE_URL:=@GNU/$(PKG_NAME)
-PKG_HASH:=7b94485f486e7df08cca68b00a164a13cd38f4c63cb8684d188759ee7bc5e729
+PKG_HASH:=397f1e2b7b7a2a270eb7970fa363e445f956926ec51e8170c3869da85b0987bd
 
 HOST_BUILD_PARALLEL:=1