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So you are sucking a lot of cold dry air into your throat and lungs which drys out the natural mucuses that exists there, and causes temporary inflammation and pain. This results in that burning sensation you feel in your throat/chest/lungs, which may or may not be accompanied by wheezing and coughing. It can be quite painful and quite distressing, but usually, it should subside within, hmm, about 15-20 mins after you stop exercising.
What causes burning sensation in nostril? I had IV sedation yesterday for very short gyn procedure. When I awoke in recovery, I had a sharp/burning sensation in my right nostril, which I attributed to the nasal cannula. The sharpness of the sensation is akin to when you have that sharp/itchy feeling in your sinus that makes you sneeze......which is what started happening yesterday afternoon & evening.