We are currently migrating all our solutions from 2005 to 2010 (that\'s right, we\'re skipping 2008!). We are also changing our file structure to make some more sense (some
It could be that the path to your solution is too long:
Meaning:
C:\MyProject\Folder\SubFolder...
should be Under "256 Character".
http://wcfvs.blogspot.com/2011/04/could-not-resolve-mscorlib-for-target.html
I found this thread when I had the same issue but had no reference issues. I found the link above and it solved my problem. Hopefully this will help someone else who comes here with the same problem.