Disclosed is a photo-curable conductive adhesive and method for preparation, which is prepared from light-sensitive high molecular polymer, reactive dilution monomer, conducting particles, light-summing heat initiating agent and anti-oxidant through mixing and grinding, wherein the light-sensitive high molecular polymer is epoxy acrylic resin or / and polyurethane-acrylate, the reactive dilution monomer is the single, double and multiple functional monomers of acrylic acid, the conducting particle is silver powder, copper powder or silver-plated copper powder, the light initiating agent is alpha-amine alkyl methyl ketone, benzoin (or substituted benzoin) ether or acyl phosphines, the heat initiating agent is azocompound or peralcohol, the antioxidant is hydroquinone, p-hydroxybenzene methyl ether, 2,6-ditertiary-butyl-4-methylphenol.