It's a missing setting in the Release version of the project. Not sure if its caused by the conversion process, but I can reproduce the problem as described.
The module definition file is not specified in the Release version. Select the ExplorerCommandVerb Project, one level below the Solution and choose Properties. Select Linker, then Input in the property tree on the left, then select Module Definition File on the right. In Debug mode, this is shown as Dll.def, while in Release mode it is missing. Simply copy the setting over to Release mode and it will work as expected.