The invention discloses a novel air inlet and exhaust device of a water supply flow-stabilizing tank. The novel air inlet and exhaust device comprises a base, wherein support rods fixedly connected with the base are symmetrically arranged on the upper side of the base, a first rotation groove and a second rotation groove are arranged in each support rod, a first rotation shaft rotatably connectedwith the first rotation groove is inserted in the first rotation groove, a second rotation shaft rotatably connected with the second rotation groove is inserted in the second rotation groove, the first rotation shaft is positioned below the second rotation shaft, and a first rotation plate is arranged on the first rotation shaft. The novel air inlet and exhaust device of the water supply flow-stabilizing tank has the advantages that through the combined action of air pressure in a tank body and the external atmospheric pressure, when air pressure in the tank body is relatively high, a connecting rope pulls a pressure block, then air can be exhausted from an air outlet pipe, meanwhile, the exhausted air passes through a drying device, thus moisture can be eliminated, therefore, the use safety of the device is improved, when air pressure in the tank body is relatively low, under the effect of the external atmospheric pressure, the air inlet pipe is opened, air enters the tank, and the air pressure in the tank is regulated.