The present disclosure provides a liquid crystal panel and a fabricating method thereof. The liquid crystal panel has an array substrate, a color film substrate and a liquid crystal layer mounted between the array substrate and the color film substrate. The color film substrate forms multiple color resists thereon to form multiple color filter units. The array substrate at least forms a first spacer and a second spacer thereon. A height of the first spacer is equal to a height of the second spacer. A thickness of the color resist corresponding to the first spacer is different from a thickness of the color resist corresponding to the second spacer. The present disclosure simplifies a fabricating art, saves cost and effectively maintains a thickness of the liquid crystal panel at the time to ensure that the liquid crystal panel can clearly display image.