The intensity of exercise above which oxygen uptake (VO₂) does not account for all of the required energy to perform work has been associated with lactate accumulation in the blood (lactate threshold, LT), and elevated carbon dioxide output (gas exchange threshold). An increase in hydrogen ion concentration ([H⁺]) is approximately concurrent with elevation of blood lactate and CO₂ output during exercise. Near infrared spectra (NIRS) and invasive interstitial fluid pH (pHm) were measured in the flexor digitorum profundus during handgrip exercise to produce a mathematical model relating the two measures with an estimated error of 0.035 pH units. This NIRS pHm model was subsequently applied to spectra collected from the vastus lateralis of 10 subjects performing an incremental intensity cycle protocol. Muscle oxygen saturation (SmO₂) was also calculated from spectra. We hypothesized that a H⁺ threshold could be identified for these subjects and it would be different from, but correlated with the LT. Lactate, gas exchange, SmO₂and H⁺ thresholds were determined as a function of VO₂ using bilinear regression. LT was significantly different from both the gas exchange threshold (=0.27 ± 0.29) and H⁺ threshold (=0.29 ± 0.23 L·min^-1), but the gas exchange threshold was not significantly different from the H⁺ threshold (=0.00 ± 0.38 L·min^-1).The H⁺ threshold was strongly correlated with LT (R²=0.95) and the gas exchange threshold (R²=0.85). This initial study demonstrates the feasibility of noninvasive pHm estimations, the determination of H⁺ threshold, and the relationship between H⁺ and classical metabolic thresholds during incremental exercise.