The invention discloses a preparation method of a cold-pressed composite bipolar plate, and the method is characterized in that the method comprises the steps: taking raw materials of natural crystalline flake graphite, artificial graphite or / and expanded graphite, a conductive additive, a bonding resin composition, toughening resin and a solvent, wherein the bonding resin composition is formed by mixing novolac epoxy resin, a curing agent and an accelerant, and the toughening resin is polyvinyl butyral resin; dispersing, kneading, internally mixing and drying the raw materials to prepare powder, molding the powder by a mold at normal temperature and high pressure and then performing curing to prepare the cold-pressed composite bipolar plate. The cold-pressed composite bipolar plate prepared by the invention has the characteristics of low gas permeability, small thickness, high strength, excellent corrosion resistance, low resistivity, low production energy consumption, high efficiency and the like, and is suitable for being used as a bipolar plate of a proton exchange membrane fuel cell.