diff --git a/CHANGELOG.md b/CHANGELOG.md
index ff800841..5a4f728b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,9 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+
+## [0.16.0] - 2023-11-17
+
 ### Changed
 
 - Raised Minimum Supported Rust Version (MSRV) to `1.74`. ([#747](https://github.com/heroku/libcnb.rs/pull/747))
@@ -224,7 +227,8 @@ version number. See the changelog below for other changes.
 
 - Remove support for legacy BOM. Remove `Launch::bom`, `Build::bom`, `bom::Bom`, `bom::Entry`. ([#489](https://github.com/heroku/libcnb.rs/pull/489))
 
-[unreleased]: https://github.com/heroku/libcnb.rs/compare/v0.15.0...HEAD
+[unreleased]: https://github.com/heroku/libcnb.rs/compare/v0.16.0...HEAD
+[0.16.0]: https://github.com/heroku/libcnb.rs/compare/v0.15.0...v0.16.0
 [0.15.0]: https://github.com/heroku/libcnb.rs/compare/v0.14.0...v0.15.0
 [0.14.0]: https://github.com/heroku/libcnb.rs/compare/v0.13.0...v0.14.0
 [0.13.0]: https://github.com/heroku/libcnb.rs/compare/v0.12.0...v0.13.0
diff --git a/Cargo.toml b/Cargo.toml
index 37679863..fed493e9 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -18,7 +18,7 @@ members = [
 ]
 
 [workspace.package]
-version = "0.15.0"
+version = "0.16.0"
 rust-version = "1.74"
 edition = "2021"
 license = "BSD-3-Clause"
@@ -38,10 +38,10 @@ missing_errors_doc = "allow"
 module_name_repetitions = "allow"
 
 [workspace.dependencies]
-libcnb = { version = "=0.15.0", path = "libcnb" }
-libcnb-common = { version = "=0.15.0", path = "libcnb-common" }
-libcnb-data = { version = "=0.15.0", path = "libcnb-data" }
-libcnb-package = { version = "=0.15.0", path = "libcnb-package" }
-libcnb-proc-macros = { version = "=0.15.0", path = "libcnb-proc-macros" }
-libcnb-test = { version = "=0.15.0", path = "libcnb-test" }
-toml = { version = "0.8.0" }
+libcnb = { version = "=0.16.0", path = "libcnb" }
+libcnb-common = { version = "=0.16.0", path = "libcnb-common" }
+libcnb-data = { version = "=0.16.0", path = "libcnb-data" }
+libcnb-package = { version = "=0.16.0", path = "libcnb-package" }
+libcnb-proc-macros = { version = "=0.16.0", path = "libcnb-proc-macros" }
+libcnb-test = { version = "=0.16.0", path = "libcnb-test" }
+toml = { version = "0.8.8" }
diff --git a/examples/execd/Cargo.toml b/examples/execd/Cargo.toml
index 1a4c8018..33b88f4c 100644
--- a/examples/execd/Cargo.toml
+++ b/examples/execd/Cargo.toml
@@ -10,7 +10,7 @@ workspace = true
 
 [dependencies]
 libcnb.workspace = true
-fastrand = "2.0.0"
+fastrand = "2.0.1"
 
 [dev-dependencies]
 libcnb-test.workspace = true
diff --git a/examples/ruby-sample/Cargo.toml b/examples/ruby-sample/Cargo.toml
index 713b92a2..a1421117 100644
--- a/examples/ruby-sample/Cargo.toml
+++ b/examples/ruby-sample/Cargo.toml
@@ -9,13 +9,13 @@ publish = false
 workspace = true
 
 [dependencies]
-flate2 = { version = "1.0.27", default-features = false, features = ["zlib"] }
+flate2 = { version = "1.0.28", default-features = false, features = ["zlib"] }
 libcnb.workspace = true
-serde = "1.0.188"
-sha2 = "0.10.7"
+serde = "1.0.192"
+sha2 = "0.10.8"
 tar = { version = "0.4.40", default-features = false }
-tempfile = "3.8.0"
-ureq = { version = "2.7.1", default-features = false, features = ["tls"] }
+tempfile = "3.8.1"
+ureq = { version = "2.8.0", default-features = false, features = ["tls"] }
 
 [dev-dependencies]
 libcnb-test.workspace = true
diff --git a/libcnb-cargo/Cargo.toml b/libcnb-cargo/Cargo.toml
index 332cb02b..ba22f8ef 100644
--- a/libcnb-cargo/Cargo.toml
+++ b/libcnb-cargo/Cargo.toml
@@ -19,7 +19,7 @@ path = "src/main.rs"
 workspace = true
 
 [dependencies]
-clap = { version = "4.3.24", default-features = false, features = [
+clap = { version = "4.4.8", default-features = false, features = [
   "derive",
   "error-context",
   "help",
@@ -29,8 +29,8 @@ clap = { version = "4.3.24", default-features = false, features = [
 libcnb-data.workspace = true
 libcnb-package.workspace = true
 pathdiff = "0.2.1"
-thiserror = "1.0.48"
+thiserror = "1.0.50"
 
 [dev-dependencies]
-tempfile = "3.8.0"
+tempfile = "3.8.1"
 libcnb-common.workspace = true
diff --git a/libcnb-common/Cargo.toml b/libcnb-common/Cargo.toml
index be19f767..b35bde85 100644
--- a/libcnb-common/Cargo.toml
+++ b/libcnb-common/Cargo.toml
@@ -14,6 +14,6 @@ include = ["src/**/*", "LICENSE", "README.md"]
 workspace = true
 
 [dependencies]
-serde = { version = "1.0.188", features = ["derive"] }
-thiserror = "1.0.48"
+serde = { version = "1.0.192", features = ["derive"] }
+thiserror = "1.0.50"
 toml.workspace = true
diff --git a/libcnb-data/Cargo.toml b/libcnb-data/Cargo.toml
index 4d8d154a..7d72129b 100644
--- a/libcnb-data/Cargo.toml
+++ b/libcnb-data/Cargo.toml
@@ -17,8 +17,8 @@ workspace = true
 [dependencies]
 fancy-regex = { version = "0.12.0", default-features = false, features = ["std"] }
 libcnb-proc-macros.workspace = true
-serde = { version = "1.0.188", features = ["derive"] }
-thiserror = "1.0.48"
+serde = { version = "1.0.192", features = ["derive"] }
+thiserror = "1.0.50"
 toml.workspace = true
 uriparse = "0.6.4"
 
diff --git a/libcnb-package/Cargo.toml b/libcnb-package/Cargo.toml
index 55eaad3a..ce4efb0d 100644
--- a/libcnb-package/Cargo.toml
+++ b/libcnb-package/Cargo.toml
@@ -15,11 +15,11 @@ include = ["src/**/*", "LICENSE", "README.md"]
 workspace = true
 
 [dependencies]
-cargo_metadata = "0.18.0"
+cargo_metadata = "0.18.1"
 ignore = "0.4"
 libcnb-common.workspace = true
 libcnb-data.workspace = true
 petgraph = { version = "0.6.4", default-features = false }
-thiserror = "1.0.48"
+thiserror = "1.0.50"
 uriparse = "0.6.4"
 which = "5.0.0"
diff --git a/libcnb-proc-macros/Cargo.toml b/libcnb-proc-macros/Cargo.toml
index b30ff6d4..cfacac90 100644
--- a/libcnb-proc-macros/Cargo.toml
+++ b/libcnb-proc-macros/Cargo.toml
@@ -17,7 +17,7 @@ proc-macro = true
 workspace = true
 
 [dependencies]
-cargo_metadata = "0.18.0"
+cargo_metadata = "0.18.1"
 fancy-regex = { version = "0.12.0", default-features = false, features = ["std"] }
 quote = "1.0.33"
-syn = { version = "2.0.37", features = ["full"] }
+syn = { version = "2.0.39", features = ["full"] }
diff --git a/libcnb-test/Cargo.toml b/libcnb-test/Cargo.toml
index 00e6dba9..6123366b 100644
--- a/libcnb-test/Cargo.toml
+++ b/libcnb-test/Cargo.toml
@@ -15,15 +15,15 @@ include = ["src/**/*", "LICENSE", "README.md"]
 workspace = true
 
 [dependencies]
-fastrand = "2.0.0"
+fastrand = "2.0.1"
 fs_extra = "1.3.0"
 libcnb-common.workspace = true
 libcnb-data.workspace = true
 libcnb-package.workspace = true
-tempfile = "3.8.0"
-thiserror = "1.0.48"
+tempfile = "3.8.1"
+thiserror = "1.0.50"
 
 [dev-dependencies]
 indoc = "2.0.4"
-ureq = { version = "2.7.1", default-features = false }
+ureq = { version = "2.8.0", default-features = false }
 libcnb.workspace = true
diff --git a/libcnb/Cargo.toml b/libcnb/Cargo.toml
index f788e8b0..9d50d9f8 100644
--- a/libcnb/Cargo.toml
+++ b/libcnb/Cargo.toml
@@ -16,14 +16,14 @@ workspace = true
 
 [dependencies]
 anyhow = { version = "1.0.75", optional = true }
-cyclonedx-bom = { version = "0.4.0", optional = true }
+cyclonedx-bom = { version = "0.4.3", optional = true }
 libcnb-common.workspace = true
 libcnb-data.workspace = true
 libcnb-proc-macros.workspace = true
-serde = { version = "1.0.188", features = ["derive"] }
-thiserror = "1.0.48"
+serde = { version = "1.0.192", features = ["derive"] }
+thiserror = "1.0.50"
 toml.workspace = true
 
 [dev-dependencies]
-fastrand = "2.0.0"
-tempfile = "3.8.0"
+fastrand = "2.0.1"
+tempfile = "3.8.1"
diff --git a/libherokubuildpack/Cargo.toml b/libherokubuildpack/Cargo.toml
index b96a8b0a..70b6d530 100644
--- a/libherokubuildpack/Cargo.toml
+++ b/libherokubuildpack/Cargo.toml
@@ -36,15 +36,15 @@ crossbeam-utils = { version = "0.8.16", optional = true }
 # Ideally we'd use the fastest `zlib-ng` backend, however it fails to cross-compile:
 # https://github.com/rust-lang/libz-sys/issues/93
 # As such we have to use the next best alternate backend, which is `zlib`.
-flate2 = { version = "1.0.27", default-features = false, features = ["zlib"], optional = true }
+flate2 = { version = "1.0.28", default-features = false, features = ["zlib"], optional = true }
 libcnb = { workspace = true, optional = true }
 pathdiff = { version = "0.2.1", optional = true }
-sha2 = { version = "0.10.7", optional = true }
+sha2 = { version = "0.10.8", optional = true }
 tar = { version = "0.4.40", default-features = false, optional = true }
-termcolor = { version = "1.3.0", optional = true }
-thiserror = { version = "1.0.48", optional = true }
+termcolor = { version = "1.4.0", optional = true }
+thiserror = { version = "1.0.50", optional = true }
 toml = { workspace = true, optional = true }
-ureq = { version = "2.7.1", default-features = false, features = ["tls"], optional = true }
+ureq = { version = "2.8.0", default-features = false, features = ["tls"], optional = true }
 
 [dev-dependencies]
-tempfile = "3.8.0"
+tempfile = "3.8.1"