The invention provides an upward pushing type drill bit conveyor with side plates. The upward pushing type drill bit conveyor is provided with a hopper, an upward pushing system, a discharging system and a conveying belt, wherein the hopper consists of a fixed side plate I and a fixed side plate II; the upward pushing system consists of a push plate, a linear motor II and a linear motor III; and the discharging system consists of a left vertical rod I, a linear motor I and a pull rod. Bar materials are filled in the hopper, the upward pushing system runs, the linear motor II and the linear motor III push the push plate to move, the push plate pushes one row of bar materials close to the fixed side plates to move upwards to the height of the conveying belt, the discharging system runs, the linear motor I drives the pull rod to move, and the rod materials are pulled to the conveying belt part and are conveyed out by the conveying belt.