The invention discloses a preparation method of a heat-resistant oxygen-resistant polyester film. The preparation method is characterized by including the steps of preparation of hydroxy thiophenol containing compounds, preparation of sulfur-containing hindered phenol antioxidants, polyester synthesis and film processing. The preparation method includes: using 4-hydroxy benzyl thiophenol sodium, 1, 3, 5-trichlorobenzene, 1, 3, 5-tribromobenzene and 2, 4, 6-tri(4-hydroxy benzyl thiophenyl)-1, 3, 5-triazine to synthesize the hydroxy thiophenol containing compounds, namely, 1, 3, 5-tri(4-hydroxy benzyl thiophenyl) benzene and 2, 4, 6-tri(4-hydroxy benzyl thiophenyl)-1, 3, 5-triazine in N, N-dimethyl formamide solvent; synthesizing the 1, 3, 5-tri(4-hydroxy benzyl thiophenyl) benzene, the 2, 4, 6-tri(4-hydroxy benzyl thiophenyl)-1, 3, 5-triazine and 3, 5-di-tert-butyl-4-hydroxy phenylacrylic acid methyl ester to prepare the type A reactive sulfur-containing hindered phenol antioxidant and the type B reactive sulfur-containing hindered phenol antioxidant; and synthesizing the type A reactive sulfur-containing hindered phenol antioxidant, the type B reactive sulfur-containing hindered phenol antioxidant, terephthalic acid and ethylene glycol to prepare heat-resistant oxygen-resistant polyester resin, so that the heat-resistant oxygen-resistant polyester film good in performance is prepared.