CMake Boost Libraries Not Found Windows7

Question

I am getting the below error when trying to configure CGAL using cmake. Does anyone have an insight on this error . The path is set accordingly but still the error keeps appearing

BOOST_ROOT = C:/dev/libboost_1_55_0/boost_1_55_0

BOOST_INCLUDEDIR = C:/dev/libboost_1_55_0/boost_1_55_0/boost

BOOST_LIBRARYDIR = C:/dev/libboost_1_55_0/boost_1_55_0/lib32-msvc-12

Could not find the following static Boost libraries:

      boost_thread
      boost_system

Some (but not all) of the required Boost libraries were found. You may need to install these additional Boost libraries. Alternatively, set BOOST_LIBRARYDIR to the directory containing Boost libraries or BOOST_ROOT to the location of Boost