Could not load file or assembly 'Assembly Name' or one of its dependencies. The system cannot find the path specified.

One Way to solve this Error is

1. Go to C:\WINDOWS\Microsoft.NET\Framework\v2.0.50727\Temporary ASP.NET Files
2. Here You can find Folder named Your Application name e.g. "MyWeb"
3. So first Stop ISS Web server.
4. and Close Visual Studio 2005.
5. Now Try to remove Folder "MyWeb" 
6. After Deleting this folder  again open  Visual  Studio.. and
7. Do Rebuild Website /Project

Wooppieie Error Gone...

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