The invention discloses high-strength and high-temperature-resistance molding sand and a preparation method thereof. The high-strength and high-temperature-resistance molding sand is prepared by the following raw materials in parts by weight: 14-22 of allophane, 24-38 of attapulgite, 12-18 of obsidian, 10-15 of baddeleyite, 8-14 of waste brick chips, 5-10 of refining slag, 16-24 of emery, 9-16 of glauconite, 7-11 of calcium formate, 5-10 of nanometer magnesium titanate, 4-7 of polyethylenimine, and 270-330 of modifying agents. The molding sand, prepared with allophane, obsidian, baddeleyite, waste brick chips, refining slag, emery and the like as main raw materials, is better in thermal stability and higher in refractoriness, and is added with calcium formate, nanometer magnesium titanate, polyethylenimine and the like to improve the green compression strength and the wet tensile strength. The prepared molding sand is excellent in breathability, fluidity, strength, collapsibility and high-temperature resistance; and a casting produced by the molding sand is smooth in surface and low in rejection rate.