diff --git a/extra/mono/Microsoft.Portable.Common.targets b/extra/mono/Microsoft.Portable.Common.targets
new file mode 100644
index 000000000..82bea1e6d
--- /dev/null
+++ b/extra/mono/Microsoft.Portable.Common.targets
@@ -0,0 +1,4 @@
+<Project xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
+	<Import Project="..\Microsoft.Portable.Core.props" />
+	<Import Project="..\Microsoft.Portable.Core.targets" />
+</Project>
diff --git a/extra/mono/PKGBUILD b/extra/mono/PKGBUILD
index 302747dbd..38e26a7c1 100644
--- a/extra/mono/PKGBUILD
+++ b/extra/mono/PKGBUILD
@@ -7,7 +7,7 @@
 #    and using autogen.sh to rebuild for configure.in changes.
 
 pkgname=mono
-pkgver=3.2.8
+pkgver=3.4.0
 pkgrel=1
 pkgdesc="Free implementation of the .NET platform including runtime and compiler"
 arch=(i686 x86_64)
@@ -19,14 +19,21 @@ provides=('monodoc')
 conflicts=('monodoc')
 source=(http://download.mono-project.com/sources/mono/${pkgname}-${pkgver}.tar.bz2
         mono.binfmt.d
-	sgen_fix.patch)
-md5sums=('1075f99bd8a69890af9e30309728e684'
+	sgen_fix.patch
+	build_fix.patch
+	Microsoft.Portable.Common.targets)
+md5sums=('698024a40ee0721c2a24c45be2e39f28'
          'b9ef8a65fea497acf176cca16c1e2402'
-         '8a700b94bff7a913f920e95890d2fb4c')
+         '8a700b94bff7a913f920e95890d2fb4c'
+         '30a5af1a4ff50b98f9e73cc2ae554115'
+         'acbffadb0ac233c494b40dd5e79209a5')
 
 build() {
   cd "${srcdir}/${pkgname}-${pkgver}"
 
+  patch -p1 < ../build_fix.patch  
+  cp ../Microsoft.Portable.Common.targets mcs/tools/xbuild/targets/
+
   # build mono
   if [ "$CARCH" = "armv7h" -o "$CARCH" = "armv6h" ]; then
     #Disabling alarm patch, arm support might be in now.
@@ -36,10 +43,10 @@ build() {
     sed -i 's/AM_PROG_CC_STDC/AC_PROG_CC/' configure.in
     sed -i 's/AUTOMAKE_OPTIONS = cygnus//' runtime/Makefile.am
     ./autogen.sh --prefix=/usr --sysconfdir=/etc \
-                 --with-fpu=VFP --bindir=/usr/bin --sbindir=/usr/bin --disable-static --disable-quiet-build  --disable-system-aot
+                 --with-fpu=VFP --bindir=/usr/bin --sbindir=/usr/bin --disable-static --disable-quiet-build  --disable-system-aot --with-mcs-docs=no
   else
     sed -i 's/armv6=yes/armv6=no/' configure
-    ./configure --prefix=/usr --sysconfdir=/etc --bindir=/usr/bin --sbindir=/usr/bin --with-fpu=NONE --disable-static --disable-quiet-build  --disable-system-aot
+    ./configure --prefix=/usr --sysconfdir=/etc --bindir=/usr/bin --sbindir=/usr/bin --with-fpu=NONE --disable-static --disable-quiet-build --disable-system-aot --with-mcs-docs=no
   fi
   make
 
diff --git a/extra/mono/build_fix.patch b/extra/mono/build_fix.patch
new file mode 100644
index 000000000..13e864b64
--- /dev/null
+++ b/extra/mono/build_fix.patch
@@ -0,0 +1,25 @@
+From c68c72144d7b2a0516276137855d4508a3f59a17 Mon Sep 17 00:00:00 2001
+From: Michael Hutchinson <m.j.hutchinson@gmail.com>
+Date: Tue, 1 Apr 2014 17:21:51 -0400
+Subject: [PATCH] [xbuild] Include PCL common targets in tarball
+
+BXC18690 - Microsoft.Portable.Common.targets is missing in mono 3.4.0 tarball
+---
+ mcs/tools/xbuild/Makefile | 1 +
+ 1 file changed, 1 insertion(+)
+
+diff --git a/mcs/tools/xbuild/Makefile b/mcs/tools/xbuild/Makefile
+index c3a5d6a..31d5329 100644
+--- a/mcs/tools/xbuild/Makefile
++++ b/mcs/tools/xbuild/Makefile
+@@ -93,6 +93,7 @@ EXTRA_DISTFILES = \
+ 	frameworks/net_4.5.xml \
+ 	targets/Microsoft.Portable.CSharp_4.0.targets \
+ 	targets/Microsoft.Portable.CSharp_4.5.targets \
++	targets/Microsoft.Portable.Common.targets \
+ 	targets/Microsoft.Portable.Core.targets \
+ 	targets/Microsoft.Portable.Core.props \
+ 	targets/Microsoft.WebApplication.targets \
+-- 
+1.9.3
+