The present invention relates to a lightweight sound-absorbing and fire-resistant insulation panel including: a binder; expanded graphite; and swelling clays, and the swelling clays are formed of honeycomb-shaped layered clays containing water molecules in interlayers and have particle sizes in the range of 50 to 200 μm. Further, the expanded graphite is present in an amount of from 10 to 100 parts by weight per 100 parts by weight of the swelling clays. According to the present invention, the insulation panel is made of the expanded graphite and the honeycomb-shaped swelling clays, thus providing excellent lightweightness, sound absorption, insulation, fire resistance and flame retardancy, and further, the insulation panel is manufactured without having any sintering, thus providing simple manufacturing processes and lowering production costs.