diff --git a/go.mod b/go.mod
index fb60c58..f1434b7 100644
--- a/go.mod
+++ b/go.mod
@@ -6,7 +6,7 @@ require (
 	dies.dev v0.8.0
 	github.com/go-logr/logr v1.2.4
 	github.com/google/go-cmp v0.5.9
-	github.com/google/go-containerregistry v0.15.2
+	github.com/google/go-containerregistry v0.16.1
 	github.com/google/go-containerregistry/pkg/authn/k8schain v0.0.0-20230517160804-b7ad3f13a62c
 	github.com/vmware-labs/reconciler-runtime v0.12.0
 	github.com/vmware-tanzu/carvel-imgpkg v0.37.2
diff --git a/go.sum b/go.sum
index 16f3428..b50840c 100644
--- a/go.sum
+++ b/go.sum
@@ -179,8 +179,8 @@ github.com/google/go-cmp v0.5.5/go.mod h1:v8dTdLbMG2kIc/vJvl+f65V22dbkXbowE6jgT/
 github.com/google/go-cmp v0.5.8/go.mod h1:17dUlkBOakJ0+DkrSSNjCkIjxS6bF9zb3elmeNGIjoY=
 github.com/google/go-cmp v0.5.9 h1:O2Tfq5qg4qc4AmwVlvv0oLiVAGB7enBSJ2x2DqQFi38=
 github.com/google/go-cmp v0.5.9/go.mod h1:17dUlkBOakJ0+DkrSSNjCkIjxS6bF9zb3elmeNGIjoY=
-github.com/google/go-containerregistry v0.15.2 h1:MMkSh+tjSdnmJZO7ljvEqV1DjfekB6VUEAZgy3a+TQE=
-github.com/google/go-containerregistry v0.15.2/go.mod h1:wWK+LnOv4jXMM23IT/F1wdYftGWGr47Is8CG+pmHK1Q=
+github.com/google/go-containerregistry v0.16.1 h1:rUEt426sR6nyrL3gt+18ibRcvYpKYdpsa5ZW7MA08dQ=
+github.com/google/go-containerregistry v0.16.1/go.mod h1:u0qB2l7mvtWVR5kNcbFIhFY1hLbf8eeGapA+vbFDCtQ=
 github.com/google/go-containerregistry/pkg/authn/k8schain v0.0.0-20230517160804-b7ad3f13a62c h1:+LI/yj3bq4KPLLLobXJ87d7eN9IgZ2MbQufCMM6ddjA=
 github.com/google/go-containerregistry/pkg/authn/k8schain v0.0.0-20230517160804-b7ad3f13a62c/go.mod h1:Ek+8PQrShkA7aHEj3/zSW33wU0V/Bx3zW/gFh7l21xY=
 github.com/google/go-containerregistry/pkg/authn/kubernetes v0.0.0-20230516205744-dbecb1de8cfa h1:+MG+Q2Q7mtW6kCIbUPZ9ZMrj7xOWDKI1hhy1qp0ygI0=