VS2012 Error C1107

I am getting the following error:

fatal error C1107: could not find assembly 'platform.winmd': please specify the assembly search path using /AI or by setting the LIBPATH environment variable

Steps to reproduce

0) Create a new empty project

1) C/C++ > General > Consume Windows Runtime Extension > YES

2) C/C++ > Code Generation > Enable Minimal Rebuild > No

3) Add a source file *.cpp, file can be blank

4) Attempt to compile

I tried to manually compare and change the project settings to match that in some sample code but nothing seems to work.