I have a Z77X-UD5H. I was hoping Intel HD 4000 would work out of box, but it didn't for me. I opened up the org.chameleon.boot.plist file in the extras folder. I added the injection that DTA wrote up in the following:
http://www.tonymacx86.com/mountain-lion-desktop-support/61216-10-8-how-enable-hd4000.html
The one I used was 01620005. So basically I just went into that file, copy and pasted what DTA wrote (
<key>device-properties</key> <string>7f0000000100000001000000730000000200000002010c00d041030a000000000101060000027fff04002c0000004100410050004c002c00690067002d0070006c006100740066006f0072006d002d006900640000000800000005006201140000006800640061002d0067006600780000000d0000006f6e626f6172642d31</string>"
Not sure about your board. Maybe read through that thread and see if someone else with your board had success. Then I changed Graphics Enabler to "No" in that same file, and now mine boots with no issues, and my Intel HD 4000 is recognized. Good luck!