Error 0x8007000b when running a new build.

If you get this error...

ERR: Failed to complete setup of assembly (hr = 0x8007000b). Probing terminated.

Check if you are building a default, any processor application on a 64bit system that wants to access 32bit library. The system looks for a 64bit library not your required 32bit library.

Quick solution is to tell the system to create a 32bit app instead of the default.