A novel aged garlic extract (AGE), with high antioxidant activities, was prepared by soaking sliced garlic in 10% ethanol solution for 90 days. In order to locate the antioxidant ingredients of AGE, 2,2-azinobis-6-s (3-ethylbenzothiazoline sulfonic acid) (ABTS) assay, hydroxyl free radical assay, 2,2-diphenyl-1-picrylhydrazyl (DPPH) assay and ferric reducing/antioxidant power (FRAP) assay were conducted to guide the fractionation of AGE by means of extraction. As a result, the ethyl acetate fraction was identified as the highest antioxidant activity in AGE. Therefore, the ingredient informations of the ethyl acetate fraction were obtained through GC-MS and UPLC-MS/MS analysis. Some phenols and diallyl disulphide, A c c e p t e d M a n u s c r i p t 2 5-(hydroxymethyl)-2-furancarboxaldehyde, S-allyl-cysteine (SAC), S-allyl-mercaptocysteine (SAMC), 1-methyl-1,2,3,4-tetrahydro-β-carboline-3-carboxylic acid were identified as potent antioxidants in AGE by GC-MS and UPLC-MS/MS, respectively. The biological activities and formation mechanisms of these identified compounds were discussed.