There are provided a rare-earth permanent magnet and a manufacturing method of a rare-earth permanent magnet capable of preventing deterioration of magnet properties. In the method, magnet material is milled into magnet powder. Next, a mixture 12 is prepared by mixing the magnet powder and a binder, and the mixture 12 is formed into a sheet-like shape to obtain a green sheet 14. Thereafter, magnetic field orientation is performed to the green sheet 14, which is then held for several hours in a non-oxidizing atmosphere at a pressure higher than normal atmospheric pressure, at 200 through 900 degrees Celsius for calcination. Thereafter, the calcined green sheet 14 is sintered at a sintering temperature. Thereby a permanent magnet 1 is manufactured.