You either need to use /noshadow when executing nunit or you need to use -targetdir: with OpenCover.
Now I can see that you trying to use /noshadow but it looks like you may not have constructed your command line properly (it could just be wrong as you have modified it to hide paths and inadvertently edited it).
You need to use quotes to ensure all you arguments that you intend to send to nunit stay together but because you are using msbuild you need to escape them i.e.
<Exec Command=""...\WcfServiceLibrary1\thirdparty\tools\OpenCover\OpenCover.console.exe" -register:user "-target:...\WcfServiceLibrary1\thirdparty\tools\NUnit\nunit-console-x86.exe" "-targetargs:...\WcfServiceLibrary1\UnitTestProject1\bin\Debug\UnitTestProject1.dll /noshadow" "-output:...\WcfServiceLibrary1\Coverage.xml"" />