A valid provisioning profile for this executable was not found

I have a solution as well. This happened to me last night with the exact same error. I had a program that was previously compiling and now that I am adding an update to my app, the same error was displayed. The problem is that I forgot to change my provisioning profile back to Developer. (You set it to Distribution when uploading your app to the App Store).

Here are the settings for Xcode 4.6.

In your app click Targets -> YourAppName -> Code Signing Identy.

Change iPhone Distribution to iPhone Developer.

Your app will now compile.

Ok, so I solved this, somehow in trying to build for the app store I changed the build config for the "run" scheme from debug to release.. and naturally release was using a distribution cert.. which wasn't (and can't be) installed on my device.

I hate xcode 4. (this aspect of it :P)

What is a scheme anyway? :S