The invention discloses a heat-resistant recycled die-casting aluminum alloy and a preparation method thereof, belonging to the field of preparation of recycled die-casted aluminum alloys. The invention includes a method for providing a heat-resistant recycled die-casting aluminum alloy and a preparation method for reducing the preparation cost; the chemical composition of the heat-resistant recycled die-casted aluminum alloy is as follows: the content of Si is 10.0-12.0%, and the content of Ni is 0.50-0.75%. , the content of Mg is 0.95-1.35%, the content of Fe is 0.9-1.4%, the content of Mn is 0.20-0.30%, the content of Cr is 0.08-0.12%, the content of B is 0.015-0.03%, and the content of impurity elements is ≤ 0.15%, and the rest is Al; the preparation method is as follows: smelting, sampling to adjust the alloy composition, refining after adding low-melting point alloy, slag removal, and casting; the present invention effectively reduces the alloy content by replacing Ni and Cu with cheap impurity element Fe. Cost, and through the compound modification technology of Mn, Cr, B, etc., the size of the iron-rich phase is refined to ensure the high temperature strength of the alloy.