diff --git a/Plugins/API/DllExporter/DllExporter.csproj b/Plugins/API/DllExporter/DllExporter.csproj
index b0628af5..4cf20b5c 100644
--- a/Plugins/API/DllExporter/DllExporter.csproj
+++ b/Plugins/API/DllExporter/DllExporter.csproj
@@ -1,5 +1,5 @@
 <?xml version="1.0" encoding="utf-8"?>
-<Project ToolsVersion="4.0" DefaultTargets="Build" xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
+<Project ToolsVersion="12.0" DefaultTargets="Build" xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
   <PropertyGroup>
     <Configuration Condition=" '$(Configuration)' == '' ">Debug</Configuration>
     <Platform Condition=" '$(Platform)' == '' ">x86</Platform>
@@ -10,7 +10,7 @@
     <AppDesignerFolder>Properties</AppDesignerFolder>
     <RootNamespace>DllExporter</RootNamespace>
     <AssemblyName>DllExporter</AssemblyName>
-    <TargetFrameworkVersion>v2.0</TargetFrameworkVersion>
+    <TargetFrameworkVersion>v4.0</TargetFrameworkVersion>
     <FileAlignment>512</FileAlignment>
     <PublishUrl>publish\</PublishUrl>
     <Install>true</Install>
@@ -71,7 +71,7 @@
     <NoWarn>1607</NoWarn>
   </PropertyGroup>
   <ItemGroup>
-    <Reference Include="Microsoft.Build.Utilities" />
+    <Reference Include="Microsoft.Build.Utilities.v4.0" />
     <Reference Include="System" />
     <Reference Include="System.Data" />
     <Reference Include="System.Xml" />
diff --git a/Plugins/API/DllExporter/Program.cs b/Plugins/API/DllExporter/Program.cs
index e5d97deb..5b6954d1 100644
--- a/Plugins/API/DllExporter/Program.cs
+++ b/Plugins/API/DllExporter/Program.cs
@@ -36,8 +36,11 @@ namespace DllExporter
             string targetIlName = targetDllName + ".il";
             string targetResName = targetDllName + ".res";
 
-            string ilasmPath = ToolLocationHelper.GetPathToDotNetFrameworkFile("ilasm.exe", TargetDotNetFrameworkVersion.Version20);
-            if (!File.Exists(ilasmPath))
+            bool is64 = platformTarget.ToLower().Equals("x64");
+            bool isDebug = configurationName.ToLower().Equals("debug");
+
+            string ilasmPath = FindIlasmPath(is64);
+            if (ilasmPath == null)
             {
                 Console.WriteLine("DllExporter error: ilasm.exe not found");
                 return 1;
@@ -52,9 +55,6 @@ namespace DllExporter
 
             Directory.SetCurrentDirectory(targetDirectory);
 
-            bool is64 = platformTarget.ToLower().Equals("x64");
-            bool isDebug = configurationName.ToLower().Equals("debug");
-
             // Disassemble
             Process ildasmProc = new Process();
             string ildasmArgs = string.Format(
@@ -171,6 +171,17 @@ namespace DllExporter
             return 0;
         }
 
+        /// <summary>
+        /// Finds path to ilasm.exe.
+        /// </summary>
+        private static string FindIlasmPath(bool x64)
+        {
+            var arch = x64 ? DotNetFrameworkArchitecture.Bitness64 : DotNetFrameworkArchitecture.Bitness32;
+            var path = ToolLocationHelper.GetPathToDotNetFrameworkFile(
+                "ilasm.exe", TargetDotNetFrameworkVersion.Version20, arch);
+            return File.Exists(path) ? path : null;
+        }
+
         /// <summary>
         /// Finds path to ildasm.exe.
         /// </summary>