The intrusive age ranges of Linglong, Guojialing, Weideshan, and Laoshan granites in the Jiaodong Peninsula are 155–154 Ma, 131–130 Ma, 118–111 Ma, and 116 Ma, respectively. Together with the Shidao granite (227–200 Ma), five phases of magmatism can be classified by the time, all of which have different degrees of gold and polymetallic mineralization. The type of granites evolved from A–, S–type to I–, A–type from the Late Triassic to the Early Cretaceous, thus reflects the evolution of geodynamics in the Mesozoic, indicating the switch from North China Craton (NCC)–Yangtze Craton (YC) collision to subduction of the Paleo–Pacific Plate (PPP), with crustal thickening switching to lithospheric thinning and a compressional tectonic setting changing to an extensional setting. It directly leads to a series of extensional structures evolving in the Jiaodong Peninsula and demonstrates affinity for the extensive mineralization in the Early Cretaceous. The key markers of Jiaodong gold and polymetallic mineralization are magmatism, fluid activity and extensional structure. Extensive magmatic uplift and extensional structures in the Early Cretaceous formed the extensional tectonic system. During the formation process, a large proportion of crust and mantle materials exchanged and mixed, and the fluid interaction was highly active, resulting in a magmatic fluid metallogenic system, which provided favorable metallogenic conditions for gold and nonferrous metal hydrothermal deposits. Thus, a large-scale explosive mineralization occurred in Jiaodong in the middle and late Early Cretaceous.