Disclosed is a high-elasticity aluminum alloy which contains carbide to improve enlogation. Further, a method of manufacturing the high-elasticity aluminum alloy is provided. The method includes steps of: charging pure aluminum and an Al-5B master alloy in a melting furnace to form a first molten metal; charging an Al-10Ti master alloy in the first molten metal to form a second molten metal; charging silicon (Si) element in the second molten metal to form a third molten metal; adding carbon (C) to the third molten metal to form a fourth molten metal; and tapping the fourth molten metal into a mold to cast the fourth molten metal.