diff --git a/Formula/binwalk.rb b/Formula/binwalk.rb
index 1f5367ece4f..bfdc166a9be 100644
--- a/Formula/binwalk.rb
+++ b/Formula/binwalk.rb
@@ -2,8 +2,8 @@ require 'formula'
 
 class Binwalk < Formula
   homepage 'http://code.google.com/p/binwalk/'
-  url 'http://binwalk.googlecode.com/files/binwalk-0.4.5.tar.gz'
-  sha1 'cdc7918cada78b8d84c61a38d9c50a21704adfba'
+  url 'http://binwalk.googlecode.com/files/binwalk-0.5.0.tar.gz'
+  sha1 'e7ffb447f932fb33b5c7c9b4ca8f8ddbead7f6db'
 
   depends_on 'libmagic'