I have been struggling with this for a few days now and I haven't been able to solve the issue. According to the documentation in the SDK and a few other posts on here I should only need the Microsoft.Dynamics.SL.ObjectModel.dll reference and I'm targeting the 3.5 framework along with compiling as x86, but I simply cannot get the project to build with any combination of reference files.
I attempted to build a project from the VB template but I encountered the same "The specified module could not be found. (Exception from HRESULT: 0x8007007E)" error in VB.
Any help would be greatly appreciated.