The present invention discloses a 1070 aluminum alloy explosion-proof foil and a processing technology thereof. The explosion-proof foil contains rhenium, iron, rare earth metals and aluminum. The processing technology includes preparing raw materials according to ratios, preparing the alloy, smelting, smelting in a holding furnace, grain refinement, online degassing and deslagging, filteration deslagging, continuous casting and rolling, cold rolling, finish rolling, cutting and packing. Due to the configuration of the material composition, deoxidation, desulfurization, dehydrogenation, denitrification and grain refinement abilities of the aluminum melt in the smelting process are improved, and the explosion-proof foil has characteristics of good corrosion resistance, high strength at a room temperature and a high temperature, good wear resistance, etc. By employing processing methods such as smelting, continuous casting and rolling, cold rolling, foil rolling, small feeding amount and multi-pass horizontal rolling, and natural aging, the strength and flexibility of the aluminum alloy foil are improved, with a short entire process and a low production cost. The aluminum foil mesh formed by slitting and expanding the explosion-proof foil has the advantages of good toughness, and being not easy to crack and shedding metal debris, so that the safety performance requirements of the aluminum alloy explosion-proof aluminum foil used in aerospace oil tank and fuel tank are satisfied in use.