The invention relates to a neoprene foaming board and a preparation method thereof. The neoprene foaming board is prepared by the following materials according to weight parts: 100 portions of neoprene, 15 portions to 200 portions of kaolin or calcium carbonate, 15 portions to 45 portions of carbon black, 10 portions to 20 portions of a vulcanizing agent, 0 portion to 2 portions of an accelerant, 5 portions to 15 portions of a vesicant, 0 portion to 5 portions of urea resin, 1 portion to 4 portions of olefin, 0 portion to 3 portions of dilauryl thiodipropionate, 0 portion to 2 portions of 2, 2'-methylene-bis(4-methyl-6- tert-butylphenol), 0 portion to 1 portion of nickel dibutyldithiocarbamate, 0 portion to 2 portions of stearic acid, 8 portions to 30 portions of black factice, 0 portion to 4 portions of vaseline, 10 portions to 20 portions of naphthenoid oil, 20 portions to 40 portions of perfume oil, and 1 portion to 4 portions of a dispersant. The preparation method thereof includes the steps of first-time mixing of a pressurizing milling machine, first-time mixing of a mixing mill, second-time mixing of the pressurizing milling machine, second-time mixing of the mixing mill, extrusion of an extruder, first-time foaming vulcanization, second-time foaming vulcanization, cooling and the like. The neoprene foaming board and the preparation method have the advantages of good flame resistance, high tensile strength, high extensibility, good performance of tear resistance, small compression set, good abrasion resistance and skidproof effect, good effect of shock absorption and the like.