The invention discloses a non-cured rubber 
asphalt waterproof paint and a preparation method thereof. The preparation method comprises the following steps: 1) weighing a matrix 
asphalt, a softener, an 
elastic plastic body, an adhesion agent, a functional 
polymer, a stabilizing agent and a filling material; 2)injecting the matrix 
asphalt to a reaction vessel, heating the materials, stirring the materials, adding the softener, and stirring the materials; 3) adding the obtained mixture and the 
elastic plastic body in a 
colloid grinder, growing the materials, opening the 
colloid grinder, 
grinding the materials, and continuously growing the materials; 4) adding an adhesion agent and a functional 
polymer, continuously stirring the materials; 5) adding a filling material and stirring the materials; and 6) adding a stabilizing agent, and stirring the material. The paint has 
high heat resistance, good construction property, good 
thermostability, 
chemical stability and anti-
ultraviolet aging capability, bond property is not influenced due to extraneous environment, the paint has construction property for a wet basic layer, can increase the interfacial affinity interaction with the wet basic layer, and construction quality and progress can be effectively guaranteed, and the paint is 
environmentally friendly.