Ag@BN/phthalonitrile resin composites were prepared using highly thermally conductive BN modified by Ag plating. The effects of different contents of Ag@BN particles on the dynamic mechanical properties, thermal stability, and thermal conductivity of composites were examined. The results of Fourier-transform infrared spectroscopy, X-ray powder diffraction, scanning electron microscopy, and energy-dispersive X-ray spectroscopy analyses showed that Ag was successfully deposited on the surface of BN. The prepared Ag@BN was subjected to KH550 grafting treatment. With the increase in the content of Ag@BN/KH550, the storage modulus, thermal stability, and thermal conductivity of the composite increased. The storage modulus, decomposition temperature, and thermal conductivity of the Ag@BN/phthalonitrile composite with 20 wt.% Ag@BN/KH550 were 5.0 GPa, 539°C, and 0.80 W/(mK), respectively, which are 1.35, 1.18, and 3.33 times higher than those of pure resin, respectively. The compatibility and dispersibility of BN modified by Ag plating in phthalonitrile resin were effectively enhanced, thereby providing a potential candidate to be used at high-temperature devices with high thermal conductivity.