diff --git a/rust/flatbuffers/Cargo.toml b/rust/flatbuffers/Cargo.toml
index 2cba5b7279a..8c01f2ee49c 100644
--- a/rust/flatbuffers/Cargo.toml
+++ b/rust/flatbuffers/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "flatbuffers"
-version = "22.10.26"
+version = "22.11.23"
 edition = "2018"
 authors = ["Robert Winslow <hello@rwinslow.com>", "FlatBuffers Maintainers"]
 license = "Apache-2.0"
diff --git a/scripts/release.sh b/scripts/release.sh
index 80a93c00343..ba37e578b84 100755
--- a/scripts/release.sh
+++ b/scripts/release.sh
@@ -63,6 +63,11 @@ sed -i \
   -e "s/\(version='\).*/\1$version',/" \
   python/setup.py
 
+echo "Updating rust/flatbuffers/Cargo.toml..."
+sed -i \
+  "s/^version = \".*\"$/version = \"$version\"/g" \
+  rust/flatbuffers/Cargo.toml
+
 echo "Updating FlatBuffers.podspec..."
 sed -i \
   -e "s/\(s.version\s*= \).*/\1'$version'/" \
@@ -78,4 +83,4 @@ echo "Updating FLATBUFFERS_X_X_X() version check...."
 grep -rl 'FLATBUFFERS_\d*' *  --exclude=release.sh | xargs -i@ \
   sed -i \
     -e "s/\(FLATBUFFERS_\)[0-9]\{2\}.*()/\1$version_underscore()/g" \
-    @
\ No newline at end of file
+    @