No
The list is a sentinel controlled loop. It keeps going until it hits the special value that signals the end. Here is the code with some new lines that print the data of each element:
main: la $s0,elmnt01 # get a pointer to the first element loop: beqz $s0,done # while the pointer is not null lw $a0,0($s0) # get the data of this element # do something with the element li $v0,1 # print it syscall # la $a0,sep # print separator li $v0,4 # syscall # lw $s0,4($s0) # get the pointer to the next element b loop done: . . . .data elmnt01: .word 1 .word elmnt02 elmnt02: .word 2 .word elmnt03 elmnt03: .word 3 .word elmnt04 elmnt04: .word 5 .word elmnt05 elmnt05: .word 7 .word 0 sep: .asciiz " "
The code that traverses the list is in black; the code that processes the data at each element is in blue.