diff --git a/schemas/go.mod b/schemas/go.mod
index c21fcceb..a719bb04 100644
--- a/schemas/go.mod
+++ b/schemas/go.mod
@@ -3,7 +3,7 @@ module github.com/open-telemetry/build-tools/schemas
 go 1.17
 
 require (
-	github.com/Masterminds/semver/v3 v3.2.0
+	github.com/Masterminds/semver/v3 v3.2.1
 	github.com/stretchr/testify v1.8.2
 	go.opentelemetry.io/otel/schema v0.0.4-0.20230227163841-071d31739445
 )
diff --git a/schemas/go.sum b/schemas/go.sum
index 8214fc76..a33f77b3 100644
--- a/schemas/go.sum
+++ b/schemas/go.sum
@@ -1,5 +1,6 @@
-github.com/Masterminds/semver/v3 v3.2.0 h1:3MEsd0SM6jqZojhjLWWeBY+Kcjy9i6MQAeY7YgDP83g=
 github.com/Masterminds/semver/v3 v3.2.0/go.mod h1:qvl/7zhW3nngYb5+80sSMF+FG2BjYrf8m9wsX0PNOMQ=
+github.com/Masterminds/semver/v3 v3.2.1 h1:RN9w6+7QoMeJVGyfmbcgs28Br8cvmnucEXnY0rYXWg0=
+github.com/Masterminds/semver/v3 v3.2.1/go.mod h1:qvl/7zhW3nngYb5+80sSMF+FG2BjYrf8m9wsX0PNOMQ=
 github.com/davecgh/go-spew v1.1.0/go.mod h1:J7Y8YcW2NihsgmVo/mv3lAwl/skON4iLHjSsI+c5H38=
 github.com/davecgh/go-spew v1.1.1 h1:vj9j/u1bqnvCEfJOwUhtlOARqs3+rkHYY13jYWTU97c=
 github.com/davecgh/go-spew v1.1.1/go.mod h1:J7Y8YcW2NihsgmVo/mv3lAwl/skON4iLHjSsI+c5H38=