Maghemite (γ-FeSubscript text2OSubscript text3) and hematite (α-Fe2O3) nanoparticles with various dominant exposure crystal planes were prepared by several different methods. The structure and the reducibility of these materials were investigated by XRD, Raman and H2-TPR technologies, and their catalytic performance for propene oxidation was also discussed. The maghemite (γ-FeSubscript text2OSubscript text3) showed a better reducibility than hematite (α-FeSubscript text2OSubscript text3), but its activity for propene oxidation is relatively lower. The exposure crystal plane of hematite has a significant influence on its catalytic activity for propene oxidation. Among the prepared four samples, the hematite-1 sample showed the best activity. The selective growth of any planes with a relative low density of Fe atoms for the α-FeSubscript text2OSubscript text3 catalyst would lead to an obvious decrease in the catalytic activity.