diff --git a/lang/python/python-cachelib/Makefile b/lang/python/python-cachelib/Makefile
index 0573183760..6d70a666f8 100644
--- a/lang/python/python-cachelib/Makefile
+++ b/lang/python/python-cachelib/Makefile
@@ -5,11 +5,11 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=python-cachelib
-PKG_VERSION:=0.1
-PKG_RELEASE:=2
+PKG_VERSION:=0.3.0
+PKG_RELEASE:=1
 
 PYPI_NAME:=cachelib
-PKG_HASH:=8b889b509d372095357b8705966e1282d40835c4126d7c2b07fd414514d8ae8d
+PKG_HASH:=cc1856259f102c9273efa342100f70d9fafbd07b41ce05c501ee28e1dbbb5133
 
 PKG_MAINTAINER:=Stepan Henek <stepan.henek@nic.cz>
 PKG_LICENSE:=BSD-3-Clause