iTunes not locating songs on backup external drive, OS X 10.7.5, 12.1.0.50
I backed up my entire library to a hard drive a few months ago. I can see several files there called, 'Previous iTunes Libraries'. When I backed it up it was working. I have just tried to play any of the songs and get an exclamation mark and a message that the song can't be located. I have gone to Prefs/
Advanced/Choose Library and chosen the folder where all the Previous iTunes Libraries are stored on the external drive. I clicked on that and it seemed to go through a process then everything in my Library got the little exclamation mark. I've tried closing the library and clicking on the most recent Previous iTunes Library. It opens to the current one with all the exclamation marks still there and when I click onto a song, the message comes up again. Somewhere along the several times I've tried this I've got a box with the option to consolidate the library and I've checked Yes. No difference. I've had the option to give it the same name as the matching library; I've checked, Yes. No difference. I've tried backing up through my Time Machine but I can't even find the Library as it was there in the Music folder. Most of my songs are from CDs so I understand I can't even reload them from my devices. Help would be appreciated.
iPhoto '11, Mac OS X (10.7.5)