Mais um problema com o Hibernate

Boa Tarde Pessoal,

Estou tentando tentando gerar o schema do banco de dados, estou usando o annotations, vejam o erro que está dando:

init:
deps-jar:
compile-single:
run-single:
(cfg.Environment                     464 ) Hibernate 3.0.4
(cfg.Environment                     477 ) hibernate.properties not found
(cfg.Environment                     510 ) using CGLIB reflection optimizer
(cfg.Environment                     540 ) using JDK 1.4 java.sql.Timestamp handling
(cfg.AnnotationConfiguration         42  ) Mapping class using metadata: hiber3.Produto
Exception in thread "main" java.lang.ExceptionInInitializerError
        at hiber3.HibernateUtil.<clinit>(HibernateUtil.java:14)
        at hiber3.GeradorBanco.main(GeradorBanco.java:14)
Caused by: java.lang.NoSuchMethodError: org.hibernate.cfg.Mappings.<init>(Ljava/util/Map;Ljava/util/Map;Ljava/util/Map;Ljava/util/Map;Ljava/util/Map;Ljava/util/Map;Ljava/util/List;Ljava/util/List;Lorg/hibernate/cfg/NamingStrategy;Ljava/util/Map;Ljava/util/Map;Ljava/util/Map;)V
        at org.hibernate.cfg.ExtendedMappings.<init>(ExtendedMappings.java:42)
        at org.hibernate.cfg.AnnotationConfiguration.createExtendedMappings(AnnotationConfiguration.java:72)
        at org.hibernate.cfg.AnnotationConfiguration.addAnnotatedClass(AnnotationConfiguration.java:44)
        at hiber3.HibernateUtil.<clinit>(HibernateUtil.java:9)
        ... 1 more
Java Result: 1
BUILD SUCCESSFUL (total time: 0 seconds)