The invention concretely relates to a TiB2 whisker high-temperature strengthening and toughening Ti (C, N)-based metal ceramic material preparation method which comprises the following steps of compounding reaction raw materials, wherein the reaction raw materials are prepared from the components in percentage: 50 to 65 percent of Ti (C, N), 15 to 30 percent of TiB2 whisker, 2 to 10 percent of WC,2 to 8 percent of Mo2C, 2 to 8 percent of TaC, 2 to 8 percent of NbC, 3 to 5 percent of Co, and 3 to 5 percent of Ni; and after compounding, compositely mixing the raw materials, pelletizing, drying,carrying out cold isostatic pressing molding, carrying out sectional type atmosphere hot pressing, rapidly cooling for reducing temperature, and sintering to obtain a TiB2 whisker high-temperature strengthening and toughening Ti (C, N)-based metal ceramic material. The Ti (C, N)-based composite metal ceramic prepared through the invention has a favorable combination property, and particularly hashigh high-temperature hardness and toughness during high-speed cutting, so that the TiB2 whisker high-temperature strengthening and toughening Ti (C, N)-based metal ceramic material is good for prolonging the service life of a cutter and can be used as a cutting tool material for high-speed cutting (semi) finish machining.