diff --git a/mingw-w64-python-py2exe/001-setup-fix.patch b/mingw-w64-python-py2exe/001-setup-fix.patch
index caeaa348f0..fb7ad61fce 100644
--- a/mingw-w64-python-py2exe/001-setup-fix.patch
+++ b/mingw-w64-python-py2exe/001-setup-fix.patch
@@ -1,6 +1,6 @@
---- a/py2exe_distutils.py
-+++ b/py2exe_distutils.py
-@@ -117,6 +117,13 @@
+--- a/py2exe_setuptools.py
++++ b/py2exe_setuptools.py
+@@ -109,6 +109,13 @@
          else:
              ext_path += ".dll"
  
@@ -14,7 +14,7 @@
          depends = sources + ext.depends
          if not (self.force or newer_group(depends, ext_path, 'newer')):
              log.debug("skipping '%s' extension (up-to-date)", ext.name)
-@@ -138,7 +145,7 @@
+@@ -130,7 +137,7 @@
          # The environment variable should take precedence, and
          # any sensible compiler will give precedence to later
          # command line args.  Hence we combine them in order:
@@ -23,7 +23,7 @@
  
          macros = ext.define_macros[:]
          for undef in ext.undef_macros:
-@@ -149,7 +156,7 @@
+@@ -141,7 +148,7 @@
                                           macros=macros,
                                           include_dirs=ext.include_dirs,
                                           debug=self.debug,
@@ -32,7 +32,7 @@
                                           depends=ext.depends)
  
          # XXX -- this is a Vile HACK!
-@@ -168,7 +175,7 @@
+@@ -160,7 +167,7 @@
          # that go into the mix.
          if ext.extra_objects:
              objects.extend(ext.extra_objects)
@@ -41,7 +41,7 @@
  
          # Detect target language, if not provided
  ##        language = ext.language or self.compiler.detect_language(sources)
-@@ -195,7 +202,7 @@
+@@ -187,7 +194,7 @@
                             library_dirs=ext.library_dirs,
                             runtime_library_dirs=ext.runtime_library_dirs,
                             export_symbols=ext.export_symbols,
@@ -50,7 +50,7 @@
                             debug=self.debug)
  
  
-@@ -209,7 +216,7 @@
+@@ -204,7 +211,7 @@
              fnm = os.path.join(*ext_path)
          if ext_path[-1] == "resources":
              return fnm
@@ -61,7 +61,7 @@
  def InstallSubCommands():
 --- a/setup.py
 +++ b/setup.py
-@@ -21,14 +21,13 @@
+@@ -21,8 +21,8 @@
  
  ############################################################################
  
@@ -71,17 +71,8 @@
 +python_dll_name_debug = '\"libpython%d.%d_d.dll\"' % sys.version_info[:2]
  
  def _is_debug_build():
--    import imp
--    for ext, _, _ in imp.get_suffixes():
--        if ext == "_d.pyd":
--            return True
-+    import importlib.machinery
-+    if "_d.pyd" in importlib.machinery.EXTENSION_SUFFIXES:
-+        return True
-     return False
- 
- if _is_debug_build():
-@@ -45,16 +44,11 @@
+     for ext in machinery.all_suffixes():
+@@ -45,16 +45,11 @@
  extra_compile_args = []
  extra_link_args = []
  
diff --git a/mingw-w64-python-py2exe/PKGBUILD b/mingw-w64-python-py2exe/PKGBUILD
index ac03190dbe..7f07e638a0 100644
--- a/mingw-w64-python-py2exe/PKGBUILD
+++ b/mingw-w64-python-py2exe/PKGBUILD
@@ -3,7 +3,7 @@
 _realname=py2exe
 pkgbase=mingw-w64-python-${_realname}
 pkgname=${MINGW_PACKAGE_PREFIX}-python-${_realname}
-pkgver=0.11.1.1
+pkgver=0.12.0.1
 pkgrel=1
 pkgdesc='A distutils extension to create standalone Windows programs from Python code (mingw-w64)'
 arch=('any')
@@ -23,8 +23,8 @@ makedepends=(
 source=(https://github.com/py2exe/${_realname}/archive/v${pkgver}.tar.gz
         001-setup-fix.patch
         002-mingw-fix.patch)
-sha256sums=('5b2f79aa513498d1f912b8505750fb05310a02603013e51d10ea2e6b385bf15b'
-            'b024d613320e414b6947ea31ec9b8bc8cf145528f47750f698301910b63deae4'
+sha256sums=('295c761e00924a0470e480baed05e381179362f775354711a95eec52e0d2884c'
+            '80f69d375eb0dc33b21f9de9601ca6ee4b5e8c22e088101f96796bc22ecde19a'
             'b98f0451d985cd5afdea91848489b09192228e1dfc58b6e3b354b7d03fff29a1')
 
 prepare() {