Double-cone (DC) hot compression experiments were carried out for the hot extruded (HEXed) new powder metallurgy (P/M) nickel-based superalloy A1, and the evolution behavior, mechanism of γ' particles in the process of hot deformation of A1 alloy were investigated. The consequences indicate that a rise in strain and strain rate promotes the dissolution of secondary γ' phases (γ's) as well as the dissolution and precipitation of primary γ' phases (γ'p), and the deformation temperature mainly promotes the dissolution of γ' particles. The distribution of γ' particles in the deformed and dynamic recrystallized (DRXed) grains is different, and the grain boundary (GB) migration that occurs during DRX leads to the dissolution and reprecipitation of γ' particles at the interface front. Dislocation accumulation leads to the deformation of γ' particles, which are elongated along the vertical strain direction. Some of the γ'p split due to the stress concentration brought about by dislocation accumulation and the γ's are sheared by dislocations. The evolution of γ' particles is a diffusion-controlled process, and the GBs and dislocations can be used as an additional diffusion channel for solute elements.