diff --git a/tools/mtools/Makefile b/tools/mtools/Makefile
index d270792c06..8d4a54a698 100644
--- a/tools/mtools/Makefile
+++ b/tools/mtools/Makefile
@@ -7,11 +7,11 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=mtools
-PKG_VERSION:=4.0.44
+PKG_VERSION:=4.0.49
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.bz2
 PKG_SOURCE_URL:=@GNU/$(PKG_NAME)
-PKG_HASH:=37dc4df022533c3d4b2ec1c78973c27c7e8b585374c2d46ab64c6a3db31eddb8
+PKG_HASH:=6fe5193583d6e7c59da75e63d7234f76c0b07caf33b103894f46f66a871ffc9f
 
 HOST_BUILD_PARALLEL:=1