The invention relates to the technical field of high-molecular compounds, and provides a lightweight high-elasticity EVA shoe sole and a preparation method thereof. The lightweight high-elasticity EVA shoe sole is prepared by the steps of performing internal mixing, open milling and pelleting on the materials of EVA, polyolefin segmented copolymer, ethylene propylene diene monomer, chlorinated polyethylene, a foaming agent, a cross-linking agent, zinc stearate, stearic acid, an abrasion-resistant agent and talcum powder, so as to obtain lightweight high-elasticity pellets, and performing injection molding at one time to obtain the lightweight high-elasticity EVA shoe sole. The lightweight high-elasticity EVA shoe sole provided by the invention has the characteristics that the resilience is high, the dimensional stability is high, the compression deformation rate is low, the surface is not easy to wrinkle, the weight is light, the comprehensive performance is good, the product percent of pass is high, and in addition, the EVA shoe sole is lighter in weight and is particularly suitable for production of top-grade EVA sport shoes and casual shoes.