diff --git a/RELEASENOTES.md b/RELEASENOTES.md
index b8b950cbe36..de07aecfb67 100644
--- a/RELEASENOTES.md
+++ b/RELEASENOTES.md
@@ -6,6 +6,8 @@
     *   Suppress exceptions from registering/unregistering the stream volume
         receiver ([#8087](https://github.com/google/ExoPlayer/issues/8087)),
         ([#8106](https://github.com/google/ExoPlayer/issues/8106)).
+    *   Suppress ProGuard warnings caused by Guava's compile-only dependencies
+        ([#8103](https://github.com/google/ExoPlayer/issues/8103)).
 *   IMA extension:
     *   Upgrade IMA SDK dependency to 3.21.0, and release the `AdsLoader`
         ([#7344](https://github.com/google/ExoPlayer/issues/7344)).
diff --git a/library/common/proguard-rules.txt b/library/common/proguard-rules.txt
index 18e5264c203..8de310a867f 100644
--- a/library/common/proguard-rules.txt
+++ b/library/common/proguard-rules.txt
@@ -7,3 +7,12 @@
 
 # From https://github.com/google/guava/wiki/UsingProGuardWithGuava
 -dontwarn java.lang.ClassValue
+-dontwarn java.lang.SafeVarargs
+-dontwarn javax.lang.model.element.Modifier
+-dontwarn sun.misc.Unsafe
+
+# Don't warn about Guava's compile-only dependencies.
+# These lines are needed for ProGuard but not R8.
+-dontwarn com.google.errorprone.annotations.**
+-dontwarn com.google.j2objc.annotations.**
+-dontwarn org.codehaus.mojo.animal_sniffer.IgnoreJRERequirement